Aquabounty Technologies Inc (NASDAQ:AQB) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $3.75 for the company and are predicting that the company will post ($0.20) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Aquabounty Technologies an industry rank of 77 out of 255 based on the ratings given to related companies.

AQB has been the topic of a number of research analyst reports. Zacks Investment Research lowered Aquabounty Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. HC Wainwright set a $4.00 target price on Aquabounty Technologies and gave the company a “buy” rating in a research report on Monday, September 17th.

NASDAQ AQB traded up $0.04 on Friday, reaching $3.10. The stock had a trading volume of 8,199 shares, compared to its average volume of 98,053. The firm has a market cap of $41.24 million, a price-to-earnings ratio of -2.92 and a beta of -2.43. The company has a quick ratio of 3.30, a current ratio of 3.36 and a debt-to-equity ratio of 0.12. Aquabounty Technologies has a 12-month low of $2.25 and a 12-month high of $9.99.

Aquabounty Technologies (NASDAQ:AQB) last announced its earnings results on Tuesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). The business had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.02 million. Analysts anticipate that Aquabounty Technologies will post -0.78 EPS for the current fiscal year.

A hedge fund recently raised its stake in Aquabounty Technologies stock. ARK Investment Management LLC grew its holdings in Aquabounty Technologies Inc (NASDAQ:AQB) by 81.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,697 shares of the company’s stock after acquiring an additional 76,458 shares during the period. ARK Investment Management LLC owned about 1.33% of Aquabounty Technologies worth $568,000 as of its most recent filing with the Securities & Exchange Commission. 62.42% of the stock is currently owned by institutional investors.

About Aquabounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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