Shares of Aquabounty Technologies Inc (NASDAQ:AQB) have been assigned a consensus broker rating score of 1.35 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. Aquabounty Technologies’ rating score has declined by 35% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a one year consensus price target of $3.75 for the company and are forecasting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Aquabounty Technologies an industry rank of 78 out of 255 based on the ratings given to its competitors.

A number of research analysts have recently commented on the company. HC Wainwright set a $4.00 price target on Aquabounty Technologies and gave the company a “buy” rating in a report on Friday, November 16th. Zacks Investment Research lowered Aquabounty Technologies from a “hold” rating to a “sell” rating in a report on Friday, December 7th. ValuEngine lowered Aquabounty Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 21st. Finally, National Securities assumed coverage on Aquabounty Technologies in a report on Wednesday, March 6th. They set a “buy” rating and a $6.50 price target on the stock.

AQB stock traded down $0.34 during mid-day trading on Friday, reaching $2.90. The company had a trading volume of 7,242 shares, compared to its average volume of 227,705. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.75 and a current ratio of 3.83. The stock has a market capitalization of $53.16 million, a price-to-earnings ratio of -3.22 and a beta of 0.42. Aquabounty Technologies has a one year low of $1.51 and a one year high of $5.45.

Large investors have recently added to or reduced their stakes in the stock. ARK Investment Management LLC grew its holdings in Aquabounty Technologies by 45.0% during the third quarter. ARK Investment Management LLC now owns 247,432 shares of the company’s stock worth $794,000 after acquiring an additional 76,735 shares during the period. Actinver Wealth Management Inc. acquired a new position in Aquabounty Technologies during the fourth quarter worth about $69,000. PFG Advisors acquired a new position in Aquabounty Technologies during the fourth quarter worth about $33,000. Finally, Third Security LLC grew its holdings in Aquabounty Technologies by 20.4% during the fourth quarter. Third Security LLC now owns 9,076,753 shares of the company’s stock worth $18,607,000 after acquiring an additional 1,538,461 shares during the period. 67.03% of the stock is currently owned by hedge funds and other institutional investors.

About Aquabounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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