Aquabounty Technologies Inc (NASDAQ:AQB) Insider Buys $52,500.00 in Stock

Aquabounty Technologies Inc (NASDAQ:AQB) insider David A. Frank purchased 35,000 shares of Aquabounty Technologies stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $1.50 per share, with a total value of $52,500.00. Following the acquisition, the insider now directly owns 35,000 shares of the company’s stock, valued at $52,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of AQB stock traded down $0.11 during trading on Friday, reaching $1.65. The company’s stock had a trading volume of 129,375 shares, compared to its average volume of 175,790. The business has a fifty day moving average price of $2.18 and a 200-day moving average price of $2.47. The company has a quick ratio of 5.25, a current ratio of 5.61 and a debt-to-equity ratio of 0.18. The company has a market cap of $35.65 million, a price-to-earnings ratio of -2.04 and a beta of 1.03. Aquabounty Technologies Inc has a one year low of $1.52 and a one year high of $5.45.

Several research firms have recently weighed in on AQB. ValuEngine upgraded shares of Aquabounty Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Zacks Investment Research cut shares of Aquabounty Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, National Securities upgraded shares of Aquabounty Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 13th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Winthrop Advisory Group LLC bought a new stake in Aquabounty Technologies during the fourth quarter worth $41,000. Renaissance Technologies LLC bought a new stake in Aquabounty Technologies during the fourth quarter worth $125,000. KBC Group NV raised its position in Aquabounty Technologies by 14,582.1% during the fourth quarter. KBC Group NV now owns 62,399 shares of the company’s stock worth $135,000 after acquiring an additional 61,974 shares in the last quarter. BlackRock Inc. raised its position in shares of Aquabounty Technologies by 95.5% in the second quarter. BlackRock Inc. now owns 51,195 shares of the company’s stock valued at $158,000 after purchasing an additional 25,009 shares during the period. Finally, Morgan Stanley raised its position in shares of Aquabounty Technologies by 4.7% in the second quarter. Morgan Stanley now owns 179,028 shares of the company’s stock valued at $550,000 after purchasing an additional 8,041 shares during the period. 61.91% of the stock is currently owned by hedge funds and other institutional investors.

About Aquabounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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