Aquantia (AQ) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Aquantia (NYSE:AQ) from a sell rating to a hold rating in a research note released on Thursday, May 31st.

Separately, Needham & Company LLC reiterated a buy rating on shares of Aquantia in a research note on Wednesday, March 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $14.80.

Shares of NYSE AQ traded up $0.73 during midday trading on Thursday, reaching $12.50. The stock had a trading volume of 832,300 shares, compared to its average volume of 428,768. The company has a market capitalization of $396.40 million and a P/E ratio of -26.13. Aquantia has a twelve month low of $9.01 and a twelve month high of $18.49.

Aquantia (NYSE:AQ) last issued its quarterly earnings results on Thursday, April 26th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $28.36 million during the quarter, compared to analyst estimates of $27.67 million. sell-side analysts expect that Aquantia will post -0.14 earnings per share for the current year.

About Aquantia

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Aquantia (NYSE:AQ)

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