Benchmark Reaffirms Speculative Buy Rating for Aqua Metals (NASDAQ:AQMS)

Aqua Metals (NASDAQ:AQMS)‘s stock had its “speculative buy” rating reiterated by investment analysts at Benchmark in a research note issued on Thursday, Benzinga reports. They currently have a $2.00 target price on the business services provider’s stock. Benchmark’s target price would indicate a potential upside of 277.29% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. StockNews.com raised shares of Aqua Metals to a “sell” rating in a research note on Friday, December 15th. HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of Aqua Metals in a research note on Thursday.

Aqua Metals Price Performance

NASDAQ:AQMS traded up $0.01 during mid-day trading on Thursday, reaching $0.53. 413,057 shares of the company were exchanged, compared to its average volume of 429,816. The stock has a market cap of $57.15 million, a PE ratio of -2.52 and a beta of 1.06. The company has a quick ratio of 7.20, a current ratio of 7.45 and a debt-to-equity ratio of 0.08. Aqua Metals has a 12 month low of $0.46 and a 12 month high of $1.77. The company has a fifty day moving average of $0.54 and a 200 day moving average of $0.77.

Hedge Funds Weigh In On Aqua Metals

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC lifted its position in Aqua Metals by 1,573.3% during the third quarter. Kestra Advisory Services LLC now owns 561,250 shares of the business services provider’s stock worth $634,000 after purchasing an additional 527,708 shares during the period. Barclays PLC bought a new stake in Aqua Metals during the third quarter worth about $66,000. Ieq Capital LLC lifted its position in Aqua Metals by 6.7% during the third quarter. Ieq Capital LLC now owns 2,957,483 shares of the business services provider’s stock worth $3,342,000 after purchasing an additional 184,641 shares during the period. Jump Financial LLC bought a new stake in Aqua Metals during the third quarter worth about $52,000. Finally, Boston Partners lifted its position in Aqua Metals by 559.7% during the third quarter. Boston Partners now owns 618,665 shares of the business services provider’s stock worth $699,000 after purchasing an additional 524,888 shares during the period. 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 with its patented AquaRefining technology. The company provides a recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. Its AquaRefining is a low-emissions, recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries.