Aqua Metals (NASDAQ:AQMS) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Aqua Metals, Inc. (NASDAQ:AQMS) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.15 and traded as low as $2.00. Aqua Metals shares last traded at $2.08, with a volume of 87,367 shares changing hands.

Aqua Metals Stock Down 5.0 %

The firm has a 50-day moving average of $2.15 and a two-hundred day moving average of $3.19. The company has a market capitalization of $14.83 million, a PE ratio of -0.44 and a beta of 0.98.

Institutional Trading of Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC raised its stake in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the period. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 as of its most recent SEC filing. 21.98% of the stock is currently owned by hedge funds and other institutional investors.

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.