Aqua Metals (NASDAQ:AQMS) Shares Scheduled to Reverse Split on Tuesday, November 5th

Shares of Aqua Metals, Inc. (NASDAQ:AQMS) are going to reverse split on Tuesday, November 5th. The 1-20 reverse split was announced on Friday, November 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 4th.

Aqua Metals Trading Down 8.9 %

AQMS traded down $0.01 during trading on Friday, hitting $0.14. The stock had a trading volume of 6,807,535 shares, compared to its average volume of 548,644. Aqua Metals has a 12 month low of $0.13 and a 12 month high of $0.99. The company has a 50 day simple moving average of $0.19 and a 200-day simple moving average of $0.31. The firm has a market cap of $18.77 million, a PE ratio of -0.57 and a beta of 0.99.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). During the same period last year, the firm posted ($0.06) EPS. As a group, sell-side analysts anticipate that Aqua Metals will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Benchmark cut their price objective on shares of Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating for the company in a research report on Tuesday, August 6th. HC Wainwright lowered their target price on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th.

Institutional Trading of Aqua Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in AQMS. AWM Investment Company Inc. grew its stake in shares of Aqua Metals by 100.0% during the first quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock valued at $968,000 after purchasing an additional 900,000 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Aqua Metals by 14.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock worth $889,000 after buying an additional 208,432 shares in the last quarter. Finally, Boston Partners boosted its position in Aqua Metals by 16.0% in the 1st quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock valued at $331,000 after buying an additional 85,019 shares during the last quarter. 21.98% of the stock is currently owned by institutional investors and hedge funds.

About Aqua Metals

Aqua Metals, Inc engages in reinventing metals recycling activities with its patented AquaRefining technology. The company's technology produces metals and alloys that can be returned into the battery manufacturing supply chain markets, as well as sells metals for use in various advanced manufacturing industries.