Shares of Aquabounty Technologies Inc (NASDAQ:AQB) rose 11.8% during mid-day trading on Wednesday . The company traded as high as $1.85 and last traded at $1.70, approximately 686,000 shares traded hands during 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 subject of a number of recent research reports. National Securities raised shares of Aquabounty Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 13th. ValuEngine raised shares of Aquabounty Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Finally, Zacks Investment Research downgraded shares of Aquabounty Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

The company has a market cap of $35.65 million, a P/E ratio of -2.04 and a beta of 1.03. 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’s fifty day moving average is $2.17 and its two-hundred day moving average is $2.47.

In related news, insider David A. Frank acquired 35,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $1.50 per share, with a total value of $52,500.00. Following the acquisition, the insider now directly owns 35,000 shares of the company’s stock, valued at $52,500. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Winthrop Advisory Group LLC bought a new position in shares of Aquabounty Technologies during the 4th quarter valued at about $41,000. BlackRock Inc. boosted its holdings in shares of Aquabounty Technologies by 95.5% during the 2nd quarter. BlackRock Inc. now owns 51,195 shares of the company’s stock valued at $158,000 after purchasing an additional 25,009 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Aquabounty Technologies during the 4th quarter valued at about $125,000. KBC Group NV boosted its holdings in shares of Aquabounty Technologies by 14,582.1% during the 4th quarter. KBC Group NV now owns 62,399 shares of the company’s stock valued at $135,000 after purchasing an additional 61,974 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Aquabounty Technologies by 4.7% during the 2nd quarter. Morgan Stanley now owns 179,028 shares of the company’s stock valued at $550,000 after purchasing an additional 8,041 shares during the last quarter. 61.91% of the stock is owned by institutional investors and hedge funds.

About Aquabounty Technologies (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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