Aqua Metals (NASDAQ:AQMS) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Aqua Metals, Inc. (NASDAQ:AQMS) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.19 and traded as low as $1.64. Aqua Metals shares last traded at $1.83, with a volume of 64,102 shares.

Aqua Metals Stock Down 3.8 %

The company has a fifty day moving average price of $2.19 and a 200-day moving average price of $3.36. The stock has a market capitalization of $12.55 million, a P/E ratio of -0.37 and a beta of 1.00.

Institutional Trading of Aqua Metals

A hedge fund recently raised its stake in Aqua Metals stock. Geode Capital Management LLC grew its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 19.67% of Aqua Metals worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.