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

Aqua Metals, Inc. (NASDAQ:AQMS) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Aqua Metals Price Performance

The firm has a market capitalization of $19.90 million, a price-to-earnings ratio of -0.59 and a beta of 0.98. The firm’s fifty day moving average is $2.27 and its 200 day moving average is $4.07.

Institutional Investors Weigh In On Aqua Metals

An institutional investor recently raised its position in Aqua Metals stock. Geode Capital Management LLC lifted its holdings in Aqua Metals, Inc. (NASDAQ:AQMS) by 22.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC. 21.98% of the stock is currently owned by institutional investors.

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.