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

Aqua Metals, Inc. (NASDAQ:AQMS)’s stock is set to reverse split on the morning of 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 Stock Performance

Shares of AQMS stock traded down $0.01 during mid-day trading on Friday, hitting $0.14. The company’s stock had a trading volume of 6,807,535 shares, compared to its average volume of 548,644. The company has a market cap of $18.77 million, a PE ratio of -0.57 and a beta of 0.99. The company’s fifty day simple moving average is $0.18 and its 200-day simple moving average is $0.31. Aqua Metals has a 52 week low of $0.13 and a 52 week high of $0.99.

Aqua Metals (NASDAQ:AQMS) last released its earnings results on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). During the same period last year, the firm posted ($0.06) EPS. On average, equities analysts anticipate that Aqua Metals will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AQMS shares. HC Wainwright decreased their price target on shares of Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Benchmark cut their price target on Aqua Metals from $2.00 to $1.00 and set a “speculative buy” rating on the stock in a report on Tuesday, August 6th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AQMS. Russell Investments Group Ltd. lifted its position in shares of Aqua Metals by 14.4% during the first quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 208,432 shares in the last quarter. AWM Investment Company Inc. increased its stake in shares of Aqua Metals by 100.0% during the 1st quarter. AWM Investment Company Inc. now owns 1,800,000 shares of the business services provider’s stock worth $968,000 after purchasing an additional 900,000 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Aqua Metals by 16.0% during the 1st quarter. Boston Partners now owns 615,909 shares of the business services provider’s stock worth $331,000 after purchasing an additional 85,019 shares during the last quarter. Institutional investors own 21.98% of the company’s stock.

Aqua Metals Company Profile

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.