Aqua Metals, Inc. (AQMS) Reaches New 52-Week Low

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In the market the company is trading down by 17.88% percent from yesterday’s close. It is trading at $4.41 which is well below the 50 day moving average of $6.12 and a great deal lower than the 200 day moving average of $6.12. The 50 day moving average moved down $-1.71 and the 200 day average went down by -27.94%.

Short traders are more bullish on shares of Aqua Metals, Inc. if you watch the motion in short interest. The stock experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -6.10%. Short shares fell 236,899 over that period. Days to cover decreased -5.0 to 8.0 and the percentage of shorted shares was 0.18% on September 29.

Aqua Metals, Inc., launched on June 20, 2014, is involved in the business of recycling lead through a process that the Company developed and named AquaRefining. The Business’s AquaRefining process focuses on providing for the recycling of lead acid batteries (LABs) and the production of lead. AquaRefining uses bio-degradable aqueous solvent and an ambient temperature electro-chemical process to produce lead. The modular nature of AquaRefining makes it possible to start LAB recycling at a much smaller scale than is possible with smelters. Its AquaRefining process begins with the crushing of used LABs and the separation of the metallic lead, active material (lead compounds), sulfuric acid and plastic for recycling. The active material is dissolved in its solvent. The primary lead is then stripped from the solvent using its automated process allowing the solvent to be reused continuously and indefinitely..

The following firms have recently changed their position in AQMS. As of the end of the quarter Dnb Asset Management As had acquired 9,421 shares growing its position 64.5%. The value of the investment in Aqua Metals, Inc. increased from $285,000 to $302,665,000 increasing 106,098.2% quarter to quarter. As of quarter end Ubs Group Ag had bought a total of 35,501 shares growing its stake by 10,380.4%. The value of the company’s investment in Aqua Metals, Inc. went from $7,000 to $450,000 a change of 6,328.6% for the reporting period.

As of quarter end Cutler Group LP had acquired a total of 10,577 shares growing its holdings by 726.4%. The value of the total investment in Aqua Metals, Inc. went from $18,000 to $82,000 a change of $64,000 quarter over quarter. Bank Of Montreal /can/ augmented its investment by buying 6,972 shares an increase of 498.7% as of 09/30/2017. Bank Of Montreal /can/ now holds 8,370 shares with a value of $57,000. The total value of its holdings increased 216.7%.

In the last earnings report the EPS was $-1.23 and is projected to be $-1.17 for the current year with 20,165,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.23 with next year’s EPS projected to be $-0.48.