Aemetis (NASDAQ:AMTX) Share Price Passes Below Two Hundred Day Moving Average of $4.31

Aemetis, Inc. (NASDAQ:AMTX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.31 and traded as low as $3.82. Aemetis shares last traded at $3.90, with a volume of 409,134 shares traded.

Analyst Ratings Changes

AMTX has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Aemetis from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Truist Financial cut their price target on shares of Aemetis from $5.00 to $3.50 and set a “hold” rating on the stock in a report on Tuesday, January 23rd.

Aemetis Price Performance

The stock has a market capitalization of $166.18 million, a price-to-earnings ratio of -2.95 and a beta of 1.00. The firm’s fifty day moving average is $4.15 and its 200-day moving average is $4.31.

Aemetis (NASDAQ:AMTX) last issued its earnings results on Thursday, March 7th. The specialty chemicals company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.01. The business had revenue of $70.76 million for the quarter, compared to analyst estimates of $80.08 million. During the same period last year, the company posted ($0.63) earnings per share. On average, sell-side analysts expect that Aemetis, Inc. will post -1.52 EPS for the current year.

Institutional Trading of Aemetis

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its holdings in shares of Aemetis by 10,391.3% during the third quarter. Citigroup Inc. now owns 75,013 shares of the specialty chemicals company’s stock worth $311,000 after purchasing an additional 74,298 shares during the period. Stifel Financial Corp raised its holdings in shares of Aemetis by 58.0% during the third quarter. Stifel Financial Corp now owns 691,445 shares of the specialty chemicals company’s stock worth $2,870,000 after purchasing an additional 253,745 shares during the period. Barclays PLC acquired a new stake in shares of Aemetis during the third quarter worth $150,000. Finally, Sonora Investment Management Group LLC acquired a new stake in shares of Aemetis during the third quarter worth $166,000. 27.02% of the stock is owned by institutional investors and hedge funds.

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.