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

Aqua Metals, Inc. (NASDAQ:AQMS) shares are going 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 Stock Performance

Shares of NASDAQ AQMS traded down $0.01 during trading on Friday, hitting $0.14. The company had a trading volume of 6,807,535 shares, compared to its average volume of 548,644. Aqua Metals has a 52 week low of $0.13 and a 52 week high of $0.99. The business’s 50-day moving average is $0.19 and its 200 day moving average is $0.31. The company has a market cap of $18.77 million, a P/E ratio of -0.57 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. HC Wainwright decreased their target price on Aqua Metals from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Benchmark dropped their target price 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.

Hedge Funds Weigh In On Aqua Metals

Institutional investors and hedge funds have recently modified their holdings of the stock. AWM Investment Company Inc. boosted its position in Aqua Metals by 100.0% during 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 purchasing an additional 900,000 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Aqua Metals by 14.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,652,999 shares of the business services provider’s stock valued at $889,000 after buying an additional 208,432 shares during the last quarter. Finally, Boston Partners grew its stake in shares of 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 buying an additional 85,019 shares in the last quarter. 21.98% of the stock is currently owned by hedge funds and other institutional investors.

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.