Aqua Metals (NASDAQ:AQMS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Aqua Metals, Inc. is involved in the business of recycling lead through a process called AquaRefining(TM). Its AquaRefining process elements consists of non-toxic solvent that dissolves lead compounds and an electro-chemical process and electrolyze that converts the dissolved lead compounds into pure, primary grade lead. The Company’s AquaRefining process generates outputs consists of primary lead ingots; lead acid batteries grade lead alloy ingots; cleaned plastic chips, recovered from battery casings and sulphuric acid. Aqua Metals, Inc. is based in Oakland, California. “

Several other equities research analysts have also commented on AQMS. ValuEngine lowered Aqua Metals from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. National Securities set a $10.00 price target on Aqua Metals and gave the stock a “buy” rating in a research note on Thursday, November 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $8.00.

Shares of AQMS traded down $0.05 during midday trading on Tuesday, reaching $1.75. 700 shares of the stock were exchanged, compared to its average volume of 353,837. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.03 and a current ratio of 4.17. Aqua Metals has a twelve month low of $1.42 and a twelve month high of $4.22. The stock has a market capitalization of $73.19 million, a P/E ratio of -1.47 and a beta of 0.55.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Wednesday, November 7th. The business services provider reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.02). Aqua Metals had a negative return on equity of 54.61% and a negative net margin of 789.73%. The firm had revenue of $1.17 million for the quarter, compared to analyst estimates of $0.60 million. On average, equities research analysts forecast that Aqua Metals will post -1.01 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co acquired a new position in shares of Aqua Metals during the 2nd quarter worth approximately $297,000. Wolverine Asset Management LLC raised its position in shares of Aqua Metals by 1,008.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 470,376 shares of the business services provider’s stock worth $1,354,000 after purchasing an additional 427,958 shares during the last quarter. Vanguard Group Inc raised its position in shares of Aqua Metals by 21.0% during the 3rd quarter. Vanguard Group Inc now owns 1,276,325 shares of the business services provider’s stock worth $3,293,000 after purchasing an additional 221,425 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Aqua Metals by 21.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,276,325 shares of the business services provider’s stock worth $3,293,000 after purchasing an additional 221,425 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Aqua Metals by 13.8% during the 3rd quarter. BlackRock Inc. now owns 234,552 shares of the business services provider’s stock worth $605,000 after purchasing an additional 28,428 shares during the last quarter. Hedge funds and other institutional investors own 22.38% of the company’s stock.

Aqua Metals Company Profile

Aqua Metals, Inc engages in the recycling of lead primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was founded in 2014 and is headquartered in Alameda, California.

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