Aqua Metals (NASDAQ:AQMS) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Aqua Metals, Inc. (NASDAQ:AQMS) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.13 and traded as high as $2.61. Aqua Metals shares last traded at $2.29, with a volume of 79,672 shares trading hands.

Aqua Metals Trading Down 10.5 %

The company has a market cap of $16.33 million, a P/E ratio of -0.48 and a beta of 0.97. The firm’s 50 day moving average price is $2.13 and its 200-day moving average price is $2.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC increased its position in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the quarter. Geode Capital Management LLC owned about 19.67% of Aqua Metals worth $251,000 as of its most recent SEC filing. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Company Profile

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.