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

Aqua Metals, Inc. (NASDAQ:AQMS) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.23 and traded as high as $2.70. Aqua Metals shares last traded at $2.49, with a volume of 90,041 shares traded.

Aqua Metals Stock Performance

The firm has a 50-day moving average of $2.23 and a 200-day moving average of $3.91. The firm has a market capitalization of $16.47 million, a P/E ratio of -0.49 and a beta of 1.00.

Hedge Funds Weigh In On Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC grew its holdings in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,341,382 shares of the business services provider’s stock after buying an additional 249,266 shares during the quarter. Geode Capital Management LLC owned approximately 19.67% of Aqua Metals worth $251,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.