The stock is trading at $3.98 which is significantly lower than the 50 day moving average of $5.75 and a great deal lower than the 200 day moving average of $5.77. The 50 day moving average moved down $-1.77 and the 200 day average went down by -31.01%. (NASDAQ:AQMS) shares saw heavy trading volume with 351K shares changing hands on Tuesday. Trading volume was up 4.41% over the stocks average daily volume.
Traders are more bearish on shares of the company as shown by the change in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 1.09%. Short shares increased from 3,647,303 to 3,686,913 over that timeframe. The short-interest ratio increased to 14.0 and the short interest percentage is 0.18% as of October 13.
These firms have modified their investment in AQMS. Cutler Group LP expanded its holdings by buying 10,577 shares an increase of 726.4%. Cutler Group LP controls 12,033 shares with a value of $82,000. The total value of its holdings increased 355.6%. As of the end of the quarter Bank Of Montreal /can/ had bought 6,972 shares growing its position 498.7%. The value in dollars increased from $18,000 to $57,000 a change of $39,000 since the last quarter.
As of quarter end Caprock Group, Inc. had disposed of a total of 1,493 shares trimming its stake by 11.4%. The value of the investment in (AQMS) went from $164,000 to $79,000 decreasing 51.8% quarter over quarter. As of the end of the quarter Nationwide Fund Advisors had sold a total of 25,600 shares trimming its holdings by 22.7%. The value of the investment in Aqua Metals, Inc. went from $1,413,000 to $596,000 a change of 57.8% quarter to quarter.
In the last earnings report the EPS was $-1.23 and is expected to be $-1.10 for the current year with 20,165,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-0.23 with next year’s EPS anticipated to be $-0.48.
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..