AquaBounty Technologies (NASDAQ:AQB) Share Price Crosses Below Fifty Day Moving Average of $2.05

Shares of AquaBounty Technologies, Inc. (NASDAQ:AQB) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.05 and traded as low as $1.77. AquaBounty Technologies shares last traded at $1.98, with a volume of 11,883 shares trading hands.

Analyst Ratings Changes

Separately, Oppenheimer reaffirmed a “market perform” rating on shares of AquaBounty Technologies in a report on Tuesday, April 2nd.

AquaBounty Technologies Price Performance

The stock has a market capitalization of $7.60 million, a P/E ratio of -0.27 and a beta of 1.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.68 and a current ratio of 0.80. The stock has a 50-day simple moving average of $2.04 and a 200 day simple moving average of $2.32.

AquaBounty Technologies (NASDAQ:AQB) last announced its quarterly earnings data on Monday, April 1st. The company reported ($2.19) EPS for the quarter, missing analysts’ consensus estimates of ($1.52) by ($0.67). The firm had revenue of $0.55 million during the quarter, compared to the consensus estimate of $0.73 million. AquaBounty Technologies had a negative net margin of 1,114.81% and a negative return on equity of 15.68%. On average, equities analysts forecast that AquaBounty Technologies, Inc. will post -4.5 earnings per share for the current fiscal year.

About AquaBounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. It engages in genetic, genomic, and fish health and nutrition research activities. The company also operates salmon farms using proprietary technology.