Aqua Metals (NASDAQ:AQMS) Shares Pass Below Fifty Day Moving Average – Here’s Why

Aqua Metals, Inc. (NASDAQ:AQMS) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.28 and traded as low as $2.27. Aqua Metals shares last traded at $2.52, with a volume of 165,808 shares trading hands.

Aqua Metals Price Performance

The company’s 50 day moving average is $2.27 and its two-hundred day moving average is $4.07. The firm has a market cap of $19.90 million, a P/E ratio of -0.59 and a beta of 0.98.

Institutional Investors Weigh In On Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Geode Capital Management LLC boosted its stake in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the 3rd quarter, according to its most recent Form 13F filing 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 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.

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.