Aqua Metals (NASDAQ:AQMS) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

Aqua Metals, Inc. (NASDAQ:AQMS) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.00 and traded as low as $1.99. Aqua Metals shares last traded at $2.04, with a volume of 42,319 shares traded.

Aqua Metals Stock Up 6.1 %

The stock has a market cap of $14.98 million, a PE ratio of -0.44 and a beta of 0.94. The firm has a 50 day moving average price of $2.00 and a 200 day moving average price of $2.50.

Hedge Funds Weigh In On Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC increased its position in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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. Institutional investors and hedge funds 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.