AquaBounty Technologies (NASDAQ:AQB) Share Price Crosses Above 50 Day Moving Average – What’s Next?

AquaBounty Technologies, Inc. (NASDAQ:AQB)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $1.12 and traded as high as $1.19. AquaBounty Technologies shares last traded at $1.15, with a volume of 102,097 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded AquaBounty Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

AquaBounty Technologies Price Performance

The company has a market capitalization of $6.00 million, a price-to-earnings ratio of -1.40 and a beta of 1.48. The stock has a 50 day moving average price of $1.12 and a two-hundred day moving average price of $1.01.

AquaBounty Technologies (NASDAQ:AQB) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On AquaBounty Technologies

A hedge fund recently bought a new stake in AquaBounty Technologies stock. BlackRock Inc. acquired a new position in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 47,528 shares of the company’s stock, valued at approximately $51,000. BlackRock Inc. owned approximately 0.92% of AquaBounty Technologies as of its most recent filing with the Securities and Exchange Commission. 8.92% of the stock is currently owned by institutional investors.

About AquaBounty Technologies

AquaBounty Technologies, Inc is a biotechnology and aquaculture company focused on developing land-based, land-based recirculating aquaculture systems (RAS) to produce Atlantic salmon. The company’s approach is designed to support year-round fish production while reducing reliance on ocean-based farming and limiting water use through treatment and reuse.

AquaBounty’s principal product is AquAdvantage salmon, a genetically engineered Atlantic salmon developed to reach market size more efficiently than conventional Atlantic salmon.