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

Aqua Metals, Inc. (NASDAQ:AQMS)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.28 and traded as low as $2.27. Aqua Metals shares last traded at $2.52, with a volume of 165,808 shares.

Aqua Metals Stock Down 1.6 %

The stock has a market cap of $17.97 million, a price-to-earnings ratio of -0.53 and a beta of 0.98. The company’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $4.08.

Hedge Funds Weigh In On Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC lifted its stake in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,341,382 shares of the business services provider’s stock after purchasing an additional 249,266 shares during the quarter. Geode Capital Management LLC owned 19.67% of Aqua Metals worth $251,000 as of its most recent filing with the Securities & Exchange Commission. 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.