Shares of Aqua Metals Inc (NASDAQ:AQMS) shot up 7.2% during trading on Monday . The stock traded as high as $2.89 and last traded at $2.82. 653,847 shares were traded during mid-day trading, a decline of 33% from the average session volume of 977,711 shares. The stock had previously closed at $2.63.
A number of research firms have issued reports on AQMS. HC Wainwright restated a “buy” rating and set a $9.00 price target on shares of Aqua Metals in a report on Tuesday, March 6th. Zacks Investment Research cut Aqua Metals from a “hold” rating to a “sell” rating in a report on Monday, February 19th. EuroPacific Canada restated a “buy” rating and set a $12.00 price target (down from $17.00) on shares of Aqua Metals in a report on Friday, February 16th. Eurobank EFG cut their price target on Aqua Metals from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Finally, Oppenheimer restated a “buy” rating on shares of Aqua Metals in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.00.
The stock has a market capitalization of $68.88 and a price-to-earnings ratio of -2.20. The company has a quick ratio of 3.77, a current ratio of 4.01 and a debt-to-equity ratio of 0.19.
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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