AquaBounty Technologies (NASDAQ:AQB) Shares Cross Below 50 Day Moving Average of $1.23

AquaBounty Technologies, Inc. (NASDAQ:AQB) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.23 and traded as low as $1.17. AquaBounty Technologies shares last traded at $1.24, with a volume of 11,298 shares.

AquaBounty Technologies Stock Performance

The firm’s 50-day moving average price is $1.23 and its two-hundred day moving average price is $1.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market cap of $4.78 million, a price-to-earnings ratio of -0.15 and a beta of 1.14.

AquaBounty Technologies (NASDAQ:AQB) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.63). The business had revenue of $0.18 million during the quarter, compared to analyst estimates of $0.10 million. AquaBounty Technologies had a negative net margin of 3,923.57% and a negative return on equity of 17.81%. On average, analysts expect that AquaBounty Technologies, Inc. will post -4.86 EPS for the current fiscal year.

AquaBounty Technologies Company Profile

AquaBounty Technologies, Inc, a biotechnology company, operates in the aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities. It also operates salmon farms using proprietary technology. In addition, the company offers AquAdvantage Salmon, a genetically engineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts.