Aquabounty Technologies Inc (NASDAQ:AQB) Insider David A. Frank Acquires 35,000 Shares of Stock

Aquabounty Technologies Inc (NASDAQ:AQB) insider David A. Frank bought 35,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $52,500.00. Following the purchase, the insider now directly owns 35,000 shares in the company, valued at approximately $52,500. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ:AQB opened at $1.65 on Friday. Aquabounty Technologies Inc has a one year low of $1.52 and a one year high of $5.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.61 and a quick ratio of 5.25. The company’s 50-day simple moving average is $2.17 and its 200 day simple moving average is $2.47. The firm has a market capitalization of $35.64 million, a P/E ratio of -2.04 and a beta of 1.03.

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

A number of large investors have recently bought and sold shares of AQB. Vanguard Group Inc. boosted its stake in Aquabounty Technologies by 589.8% during the second quarter. Vanguard Group Inc. now owns 420,541 shares of the company’s stock worth $1,291,000 after acquiring an additional 359,574 shares in the last quarter. KBC Group NV raised its holdings in Aquabounty Technologies by 14,582.1% in the fourth quarter. KBC Group NV now owns 62,399 shares of the company’s stock worth $135,000 after buying an additional 61,974 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Aquabounty Technologies in the fourth quarter worth about $125,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Aquabounty Technologies by 17.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,874 shares of the company’s stock worth $935,000 after buying an additional 55,949 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. raised its holdings in Aquabounty Technologies by 17.6% in the third quarter. Nikko Asset Management Americas Inc. now owns 373,874 shares of the company’s stock worth $935,000 after buying an additional 55,949 shares during the last quarter. 61.91% of the stock is currently owned by institutional investors and hedge funds.

Aquabounty Technologies Company Profile

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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