Aquantia Corp (NYSE:AQ) has earned a consensus rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.38.
AQ has been the topic of several research reports. ValuEngine downgraded shares of Aquantia from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Morgan Stanley downgraded shares of Aquantia to an “equal weight” rating in a research report on Wednesday, February 13th. Dougherty & Co initiated coverage on shares of Aquantia in a research report on Tuesday, November 20th. They set a “buy” rating and a $18.00 price objective on the stock. Barclays downgraded shares of Aquantia to an “equal weight” rating and lowered their price objective for the stock from $12.00 to $8.00 in a research report on Thursday, February 14th. Finally, Raymond James downgraded shares of Aquantia from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 13th.
Shares of NYSE AQ traded down $0.01 during mid-day trading on Tuesday, reaching $7.98. The company had a trading volume of 406,056 shares, compared to its average volume of 308,683. The company has a market capitalization of $286.32 million, a price-to-earnings ratio of -27.52 and a beta of 1.08. Aquantia has a 52-week low of $7.08 and a 52-week high of $17.97.
Aquantia (NYSE:AQ) last posted its earnings results on Tuesday, February 12th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.11). The company had revenue of $29.09 million during the quarter, compared to analysts’ expectations of $33.60 million. Aquantia had a negative net margin of 8.09% and a negative return on equity of 10.45%. As a group, equities analysts expect that Aquantia will post -0.81 earnings per share for the current year.
Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, and access markets worldwide. Its products include corporate and cloud data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.
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