Alto Ingredients (NASDAQ:ALTO - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.12), Zacks reports. Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. The company had revenue of $236.35 million for the quarter, compared to the consensus estimate of $222.81 million.
Alto Ingredients Stock Performance
Shares of Alto Ingredients stock traded down $0.07 during trading on Friday, reaching $1.50. The company's stock had a trading volume of 847,579 shares, compared to its average volume of 671,059. Alto Ingredients has a one year low of $1.18 and a one year high of $2.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. The firm has a market cap of $114.97 million, a price-to-earnings ratio of -2.88 and a beta of 1.73. The business's fifty day moving average price is $1.64 and its 200-day moving average price is $1.58.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and set a $5.50 price objective on shares of Alto Ingredients in a report on Thursday.
View Our Latest Research Report on ALTO
About Alto Ingredients
(
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Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.
Further Reading
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