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

Aqua Metals, Inc. (NASDAQ:AQMS) shares are set 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 market closes on Monday, November 4th.

Aqua Metals Trading Down 8.9 %

AQMS stock traded down $0.01 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. Aqua Metals has a 1 year low of $0.13 and a 1 year high of $0.99. The stock has a market cap of $18.77 million, a price-to-earnings ratio of -0.57 and a beta of 0.99. The firm has a 50 day moving average of $0.18 and a two-hundred day moving average of $0.31.

Aqua Metals (NASDAQ:AQMS) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). During the same quarter last year, the business earned ($0.06) earnings per share. As a group, equities analysts forecast that Aqua Metals will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on AQMS shares. Benchmark decreased their price objective on 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 reduced their price target on Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 6th.

Institutional Trading of Aqua Metals

A number of institutional investors have recently added to or reduced their stakes in AQMS. AWM Investment Company Inc. increased its holdings in Aqua Metals by 100.0% in 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 buying an additional 900,000 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Aqua Metals by 14.4% in the 1st quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock worth $889,000 after acquiring an additional 208,432 shares during the period. Finally, Boston Partners increased its stake 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 purchasing an additional 85,019 shares in the last quarter. Hedge funds and other institutional investors own 21.98% of the company’s stock.

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.