AquaBounty Technologies (NASDAQ:AQB) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

AquaBounty Technologies, Inc. (NASDAQ:AQB) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.93 and traded as low as $0.8850. AquaBounty Technologies shares last traded at $0.9101, with a volume of 48,245 shares.

AquaBounty Technologies Price Performance

The stock has a 50-day moving average price of $0.93 and a 200 day moving average price of $0.96. The firm has a market cap of $4.69 million, a price-to-earnings ratio of -0.76 and a beta of 1.36.

AquaBounty Technologies (NASDAQ:AQB) last posted its earnings results on Thursday, May 7th. The company reported ($0.20) EPS for the quarter.

Hedge Funds Weigh In On AquaBounty Technologies

An institutional investor recently raised its position in AquaBounty Technologies stock. Renaissance Technologies LLC grew its holdings in shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) by 311.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,585 shares of the company’s stock after purchasing an additional 92,065 shares during the period. Renaissance Technologies LLC owned approximately 3.14% of AquaBounty Technologies worth $113,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.92% of the company’s stock.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc is a biotechnology company focused on aquaculture innovation through the development and commercialization of genetically engineered fish. Its flagship product, AquAdvantage Salmon, is an Atlantic salmon strain enhanced with a growth hormone gene that enables faster growth and more efficient feed conversion compared with conventional farmed salmon. By integrating biotechnology into seafood production, AquaBounty aims to address global protein demand while reducing the environmental footprint associated with marine aquaculture.

Founded in 1991, AquaBounty is headquartered in Maynard, Massachusetts, and operates a state-of-the-art, land-based incubation and grow-out facility in Panama.