Aqua Metals (NASDAQ:AQMS) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Aqua Metals, Inc. (NASDAQ:AQMS) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.53 and traded as low as $1.88. Aqua Metals shares last traded at $1.93, with a volume of 85,059 shares traded.

Aqua Metals Price Performance

The firm’s 50-day moving average price is $2.52 and its 200-day moving average price is $4.53. The company has a market cap of $13.76 million, a price-to-earnings ratio of -0.41 and a beta of 0.97.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 19.67% of Aqua Metals worth $251,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 21.98% of the company’s stock.

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.