Aquabounty Technologies (NASDAQ:AQB) Shares Up 5%
Aquabounty Technologies Inc (NASDAQ:AQB) shot up 5% during mid-day trading on Thursday . The stock traded as high as $3.44 and last traded at $3.33, 153,624 shares were traded during mid-day trading. A decline of 41% from the average session volume of 259,761 shares. The stock had previously closed at $3.17.
Several brokerages have recently issued reports on AQB. Zacks Investment Research lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. HC Wainwright set a $2.00 target price on shares of Asanko Gold and gave the company a “buy” rating in a research report on Thursday. Finally, National Securities reiterated a “buy” rating and issued a $5.00 target price on shares of Aquabounty Technologies in a research report on Monday, June 10th.
The firm’s 50-day moving average price is $2.59. The company has a market cap of $70.41 million, a price-to-earnings ratio of -3.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 7.10 and a current ratio of 7.24.
Several large investors have recently bought and sold shares of AQB. Third Security LLC raised its stake in Aquabounty Technologies by 20.4% during the fourth quarter. Third Security LLC now owns 9,076,753 shares of the company’s stock worth $18,607,000 after purchasing an additional 1,538,461 shares during the period. ARK Investment Management LLC raised its stake in Aquabounty Technologies by 13.7% during the first quarter. ARK Investment Management LLC now owns 335,420 shares of the company’s stock worth $735,000 after purchasing an additional 40,506 shares during the period. Nikko Asset Management Americas Inc. purchased a new position in Aquabounty Technologies during the first quarter worth about $352,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Aquabounty Technologies during the first quarter worth about $331,000. Finally, Actinver Wealth Management Inc. purchased a new position in Aquabounty Technologies during the fourth quarter worth about $69,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
Aquabounty Technologies Company Profile (NASDAQ:AQB)
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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