D.A. Davidson & CO. Decreases Holdings in Aqua Metals, Inc. (AQMS)
D.A. Davidson & CO. cut its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 62.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,625 shares of the business services provider’s stock after selling 15,776 shares during the quarter. D.A. Davidson & CO.’s holdings in Aqua Metals were worth $120,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Mercantile Trust Co. bought a new position in shares of Aqua Metals in the 2nd quarter worth about $126,000. American International Group Inc. increased its stake in shares of Aqua Metals by 8.1% in the 1st quarter. American International Group Inc. now owns 6,678 shares of the business services provider’s stock worth $130,000 after acquiring an additional 499 shares in the last quarter. Sigma Planning Corp bought a new position in shares of Aqua Metals in the 2nd quarter worth about $150,000. CAPROCK Group Inc. bought a new position in shares of Aqua Metals in the 2nd quarter worth about $164,000. Finally, Beech Hill Advisors Inc. bought a new position in shares of Aqua Metals in the 2nd quarter worth about $194,000. Institutional investors and hedge funds own 42.63% of the company’s stock.
Aqua Metals, Inc. (AQMS) opened at 6.42 on Wednesday. The company’s market capitalization is $129.46 million. The company has a 50 day moving average of $6.38 and a 200 day moving average of $6.38. Aqua Metals, Inc. has a 52 week low of $5.45 and a 52 week high of $18.39.
Aqua Metals (NASDAQ:AQMS) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The company had revenue of $0.60 million during the quarter, compared to analysts’ expectations of $1.23 million. On average, equities analysts forecast that Aqua Metals, Inc. will post ($0.83) EPS for the current fiscal year.
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Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. HC Wainwright reiterated a “buy” rating and issued a $25.00 price target on shares of Aqua Metals in a research note on Monday, August 14th. ValuEngine lowered shares of Aqua Metals from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Rodman & Renshaw assumed coverage on shares of Aqua Metals in a research note on Sunday, July 2nd. They issued a “buy” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.60.
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.
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