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

Aqua Metals, Inc. (NASDAQ:AQMS)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.23 and traded as high as $2.70. Aqua Metals shares last traded at $2.49, with a volume of 90,041 shares trading hands.

Aqua Metals Stock Performance

The company has a market capitalization of $16.47 million, a P/E ratio of -0.49 and a beta of 1.00. The business has a 50 day moving average of $2.23 and a 200-day moving average of $3.91.

Hedge Funds Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Geode Capital Management LLC lifted its position in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,341,382 shares of the business services provider’s stock after purchasing an additional 249,266 shares during the quarter. Geode Capital Management LLC owned 19.67% of Aqua Metals worth $251,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 21.98% of the company’s stock.

About Aqua Metals

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.