Aemetis (NASDAQ:AMTX) Shares Cross Below 200 Day Moving Average - Should You Sell?

Aemetis, Inc. (NASDAQ:AMTX - Get Free Report)'s share price crossed 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 Ratings Changes

Several research firms recently commented on AMTX. Ascendiant Capital Markets raised their target price on Aemetis from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. HC Wainwright restated a "buy" rating and set a $28.00 price target on shares of Aemetis in a report on Friday, March 14th. Finally, StockNews.com upgraded 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 assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $14.56.

Aemetis Price Performance

The stock's 50-day moving average price is $1.70 and its 200-day moving average price is $2.49. The company has a market cap of $66.92 million, a P/E ratio of -0.56 and a beta of 1.30.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. ProShare Advisors LLC purchased a new position in shares of Aemetis during the 4th quarter valued at $27,000. Bank of America Corp DE increased its holdings in shares of 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 grew its holdings in shares of Aemetis by 1,130.0% in the fourth quarter. Jane Street Group LLC now owns 374,016 shares of the specialty chemicals company's stock worth $1,006,000 after acquiring an additional 343,609 shares during the period. Northern Trust Corp grew its stake 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 valued at $799,000 after acquiring an additional 10,658 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Aemetis in the 4th quarter valued at $227,000. 27.02% of the stock is owned by institutional investors.

About Aemetis

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.