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

Shares of Aqua Metals, Inc. (NASDAQ:AQMS) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.13 and traded as high as $2.61. Aqua Metals shares last traded at $2.29, with a volume of 79,672 shares.

Aqua Metals Stock Performance

The stock has a market capitalization of $16.33 million, a price-to-earnings ratio of -0.48 and a beta of 0.97. The firm’s fifty day simple moving average is $2.13 and its 200 day simple moving average is $2.90.

Institutional Trading of Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC increased its position in shares of Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,341,382 shares of the business services provider’s stock after buying 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 filing with the Securities and Exchange Commission. 21.98% of the stock is currently owned by institutional investors and hedge funds.

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.