Aqua Metals Inc. (NASDAQ:AQMS) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price target of $14.50 for the company and are forecasting that the company will post ($0.18) earnings per share for the current quarter, according to Zacks. Zacks has also given Aqua Metals an industry rank of 231 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Aqua Metals from a “sell” rating to a “hold” rating in a report on Monday, August 22nd.

A number of institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in Aqua Metals by 5,767.1% in the second quarter. BlackRock Fund Advisors now owns 279,276 shares of the company’s stock worth $3,286,000 after buying an additional 274,516 shares in the last quarter. EAM Investors LLC purchased a new position in Aqua Metals during the second quarter worth approximately $1,647,000. State Street Corp purchased a new position in Aqua Metals during the second quarter worth approximately $1,544,000. Vanguard Group Inc. raised its position in Aqua Metals by 365.9% in the second quarter. Vanguard Group Inc. now owns 130,424 shares of the company’s stock worth $1,535,000 after buying an additional 102,433 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in Aqua Metals during the first quarter worth approximately $679,000. 19.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Aqua Metals (NASDAQ:AQMS) traded down 0.11% during mid-day trading on Tuesday, reaching $8.92. The company had a trading volume of 19,341 shares. The stock’s market capitalization is $138.92 million. Aqua Metals has a 52-week low of $4.50 and a 52-week high of $13.07. The company’s 50-day moving average is $8.89 and its 200 day moving average is $9.08.

Aqua Metals (NASDAQ:AQMS) last issued its earnings results on Wednesday, August 10th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. Analysts anticipate that Aqua Metals will post ($0.74) EPS for the current fiscal year.

About Aqua Metals

Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. AquaRefining process will provide for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining is a water-based ambient temperature process. The modular nature of AquaRefining makes it possible to start LAB recycling at a smaller scale than is possible with smelters.

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