AquaBounty Technologies (NASDAQ:AQB) Posts Earnings Results, Misses Expectations By $0.11 EPS

AquaBounty Technologies (NASDAQ:AQBGet Free Report) announced its quarterly earnings data on Wednesday. The company reported ($1.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.42) by ($0.11), reports. The business had revenue of $0.48 million during the quarter, compared to analysts’ expectations of $0.50 million. AquaBounty Technologies had a negative net margin of 1,114.81% and a negative return on equity of 15.68%.

AquaBounty Technologies Price Performance

Shares of NASDAQ AQB opened at $1.99 on Friday. The firm has a fifty day simple moving average of $1.96 and a two-hundred day simple moving average of $2.23. AquaBounty Technologies has a 12 month low of $1.57 and a 12 month high of $10.60. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $7.69 million, a PE ratio of -0.27 and a beta of 1.31.

Analysts Set New Price Targets

Several analysts have issued reports on AQB shares. HC Wainwright restated a “neutral” rating on shares of AquaBounty Technologies in a research report on Thursday. Oppenheimer restated a “market perform” rating on shares of AquaBounty Technologies in a research report on Tuesday, April 2nd.

Read Our Latest Stock Report on AQB

About AquaBounty Technologies

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AquaBounty Technologies, Inc, a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology.

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Earnings History for AquaBounty Technologies (NASDAQ:AQB)

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