Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report)'s share price rose 2.4% on Tuesday . The company traded as high as $0.82 and last traded at $0.80. Approximately 133,997 shares changed hands during trading, a decline of 78% from the average daily volume of 611,747 shares. The stock had previously closed at $0.78.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and issued a $5.50 target price on shares of Alto Ingredients in a research note on Thursday, March 6th.
Check Out Our Latest Analysis on Alto Ingredients
Alto Ingredients Stock Performance
The company has a market cap of $61.28 million, a PE ratio of -1.54 and a beta of 1.62. 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 stock's 50-day simple moving average is $1.25 and its 200 day simple moving average is $1.47.
Institutional Investors Weigh In On Alto Ingredients
A number of hedge funds have recently added to or reduced their stakes in ALTO. JPMorgan Chase & Co. increased its position in Alto Ingredients by 78.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company's stock worth $28,000 after purchasing an additional 7,968 shares during the period. Two Sigma Securities LLC acquired a new position in Alto Ingredients during the fourth quarter worth $50,000. SBI Securities Co. Ltd. acquired a new position in Alto Ingredients during the fourth quarter worth $54,000. XTX Topco Ltd purchased a new position in Alto Ingredients in the fourth quarter worth $94,000. Finally, Barclays PLC lifted its holdings in Alto Ingredients by 123.9% in the third quarter. Barclays PLC now owns 76,703 shares of the company's stock valued at $123,000 after acquiring an additional 42,450 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.
About Alto Ingredients
(
Get Free Report)
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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