Aqua Metals (NASDAQ:AQMS) Stock Passes Below 50-Day Moving Average – What’s Next?

Aqua Metals, Inc. (NASDAQ:AQMS) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.15 and traded as low as $2.00. Aqua Metals shares last traded at $2.08, with a volume of 87,367 shares changing hands.

Aqua Metals Price Performance

The stock has a 50 day moving average price of $2.15 and a 200-day moving average price of $3.19. The stock has a market capitalization of $14.83 million, a price-to-earnings ratio of -0.44 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 lifted its stake in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,341,382 shares of the business services provider’s stock after purchasing an additional 249,266 shares during the period. Geode Capital Management LLC owned 19.67% of Aqua Metals worth $251,000 as of its most recent SEC filing. 21.98% of the stock is currently owned by institutional investors and hedge funds.

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.