Aemetis (NASDAQ:AMTX) Stock Price Passes Below 200-Day Moving Average - Here's What Happened

Aemetis, Inc. (NASDAQ:AMTX - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.52 and traded as low as $1.29. Aemetis shares last traded at $1.38, with a volume of 978,680 shares traded.

Analyst Upgrades and Downgrades

AMTX has been the subject of a number of research reports. HC Wainwright reiterated a "buy" rating and issued a $28.00 price target on shares of Aemetis in a report on Friday, March 14th. Ascendiant Capital Markets boosted their price objective on shares of Aemetis from $18.00 to $19.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, StockNews.com upgraded shares of Aemetis to a "sell" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $14.56.

Aemetis Stock Performance

The company has a 50 day simple moving average of $1.72 and a 200 day simple moving average of $2.50. The company has a market capitalization of $71.98 million, a PE ratio of -0.60 and a beta of 1.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new position in shares of Aemetis in the fourth quarter worth about $27,000. Bank of America Corp DE lifted its stake in Aemetis by 37.8% in the 4th quarter. Bank of America Corp DE now owns 56,675 shares of the specialty chemicals company's stock worth $152,000 after purchasing an additional 15,533 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Aemetis by 1,130.0% during the 4th quarter. Jane Street Group LLC now owns 374,016 shares of the specialty chemicals company's stock worth $1,006,000 after purchasing an additional 343,609 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Aemetis by 3.7% during the 4th quarter. Northern Trust Corp now owns 297,023 shares of the specialty chemicals company's stock worth $799,000 after purchasing an additional 10,658 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aemetis in the fourth quarter valued at approximately $227,000. Hedge funds and other institutional investors own 27.02% of the company's stock.

Aemetis Company Profile

Aemetis, Inc operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the operation, acquisition, development, and commercialization of technologies to produce low and negative carbon intensity renewable fuels that replace fossil-based products.