Aqua Metals (NASDAQ:AQMS) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Aqua Metals, Inc. (NASDAQ:AQMS)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.13 and traded as high as $2.61. Aqua Metals shares last traded at $2.29, with a volume of 79,672 shares trading hands.

Aqua Metals Stock Performance

The stock has a market cap of $16.33 million, a PE ratio of -0.48 and a beta of 0.97. The company has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.90.

Institutional Trading of Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Geode Capital Management LLC grew its position in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,341,382 shares of the business services provider’s stock after acquiring an additional 249,266 shares during the quarter. Geode Capital Management LLC owned about 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.