Aquabounty Technologies (NASDAQ:AQB) Stock Price Up 11.8%

Aquabounty Technologies Inc (NASDAQ:AQB) rose 11.8% during mid-day trading on Wednesday . The stock traded as high as $1.85 and last traded at $1.70, approximately 686,000 shares changed hands during mid-day trading. An increase of 283% from the average daily volume of 178,993 shares. The stock had previously closed at $1.52.

AQB has been the topic of several recent analyst reports. National Securities raised Aquabounty Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 13th. ValuEngine raised Aquabounty Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Zacks Investment Research cut Aquabounty Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th.

The company has a 50-day simple moving average of $2.17 and a two-hundred day simple moving average of $2.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.25 and a current ratio of 5.61. The firm has a market capitalization of $35.65 million, a P/E ratio of -2.04 and a beta of 1.03.

In other news, insider David A. Frank acquired 35,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $1.50 per share, with a total value of $52,500.00. Following the transaction, the insider now owns 35,000 shares in the company, valued at approximately $52,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley raised its holdings in Aquabounty Technologies by 4.7% in the 2nd quarter. Morgan Stanley now owns 179,028 shares of the company’s stock worth $550,000 after acquiring an additional 8,041 shares during the last quarter. Nikko Asset Management Americas Inc. raised its holdings in Aquabounty Technologies by 17.6% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 373,874 shares of the company’s stock worth $935,000 after acquiring an additional 55,949 shares during the last quarter. Winthrop Advisory Group LLC purchased a new position in Aquabounty Technologies in the 4th quarter worth approximately $41,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Aquabounty Technologies by 17.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,874 shares of the company’s stock worth $935,000 after acquiring an additional 55,949 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Aquabounty Technologies by 95.5% in the 2nd quarter. BlackRock Inc. now owns 51,195 shares of the company’s stock worth $158,000 after acquiring an additional 25,009 shares during the last quarter. 61.91% 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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