Aqua Metals (NASDAQ:AQMS) Announces Quarterly Earnings Results

Aqua Metals (NASDAQ:AQMS) released its quarterly earnings results on Monday. The business services provider reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05), Yahoo Finance reports. During the same period in the prior year, the business posted ($0.06) EPS.

Aqua Metals Price Performance

Shares of AQMS stock opened at $0.19 on Wednesday. Aqua Metals has a 1 year low of $0.18 and a 1 year high of $1.28. The stock’s 50 day simple moving average is $0.35 and its two-hundred day simple moving average is $0.46. The company has a market cap of $21.34 million, a PE ratio of -0.75 and a beta of 1.00.

Analyst Ratings Changes

Several analysts have issued reports on the company. HC Wainwright cut their price target on Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday. Benchmark dropped their price objective on Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating for the company in a research note on Tuesday.

Insider Buying and Selling at Aqua Metals

In related news, CEO Stephen Cotton acquired 250,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average cost of $0.39 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the chief executive officer now directly owns 6,352,233 shares in the company, valued at approximately $2,477,370.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 312,500 shares of company stock worth $121,875 over the last ninety days. Company insiders own 4.70% 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.