Aqua Metals, Inc. (NASDAQ:AQMS) – Research analysts at Oppenheimer Holdings cut their FY2020 earnings per share estimates for Aqua Metals in a research note issued on Thursday. Oppenheimer Holdings analyst C. Rusch now anticipates that the business services provider will earn $1.50 per share for the year, down from their prior estimate of $1.51. Oppenheimer Holdings also issued estimates for Aqua Metals’ FY2021 earnings at $2.31 EPS.

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Aqua Metals from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised Aqua Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Rodman & Renshaw assumed coverage on Aqua Metals in a research note on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, HC Wainwright assumed coverage on Aqua Metals in a research note on Thursday, June 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Aqua Metals presently has an average rating of “Buy” and a consensus target price of $26.33.

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Shares of Aqua Metals (NASDAQ:AQMS) traded down 1.93% on Friday, hitting $8.15. The stock had a trading volume of 276,227 shares. The firm has a 50-day moving average price of $11.78 and a 200-day moving average price of $14.41. The stock’s market capitalization is $164.34 million. Aqua Metals has a 52 week low of $7.85 and a 52 week high of $22.75.

Aqua Metals (NASDAQ:AQMS) last posted its earnings results on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.10. The business had revenue of $0.60 million during the quarter, compared to analyst estimates of $1.23 million.

Several hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Aqua Metals by 8.1% in the first quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock valued at $130,000 after buying an additional 499 shares in the last quarter. Boston Partners boosted its stake in Aqua Metals by 1.1% in the second quarter. Boston Partners now owns 56,300 shares of the business services provider’s stock valued at $707,000 after buying an additional 600 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Aqua Metals by 34.8% in the first quarter. Oppenheimer & Co. Inc. now owns 13,733 shares of the business services provider’s stock valued at $268,000 after buying an additional 3,543 shares in the last quarter. Teachers Advisors LLC boosted its stake in Aqua Metals by 17.7% in the second quarter. Teachers Advisors LLC now owns 30,805 shares of the business services provider’s stock valued at $387,000 after buying an additional 4,643 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Aqua Metals by 42.4% in the second quarter. Rhumbline Advisers now owns 17,447 shares of the business services provider’s stock valued at $219,000 after buying an additional 5,195 shares in the last quarter. Hedge funds and other institutional investors own 40.16% of the company’s stock.

Aqua Metals Company Profile

Aqua Metals, Inc is engaged in the business of recycling lead through a process that the Company developed and named AquaRefining. The Company’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead.

Earnings History and Estimates for Aqua Metals (NASDAQ:AQMS)

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