Alto Ingredients (NASDAQ:ALTO) Trading Down 0.8% - Here's What Happened

Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report) shares fell 0.8% during trading on Monday . The stock traded as low as $1.23 and last traded at $1.23. 289,735 shares changed hands during trading, a decline of 50% from the average session volume of 584,594 shares. The stock had previously closed at $1.24.

Alto Ingredients Price Performance

The company's fifty day moving average price is $1.02 and its 200 day moving average price is $1.27. The company has a market capitalization of $95.38 million, a P/E ratio of -1.52 and a beta of 1.36. The company has a quick ratio of 1.94, a current ratio of 2.89 and a debt-to-equity ratio of 0.52.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $226.54 million for the quarter, compared to the consensus estimate of $222.19 million. Alto Ingredients had a negative return on equity of 14.40% and a negative net margin of 6.20%. As a group, sell-side analysts forecast that Alto Ingredients, Inc. will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Alto Ingredients

A number of hedge funds have recently bought and sold shares of ALTO. SBI Securities Co. Ltd. bought a new position in Alto Ingredients during the fourth quarter worth $54,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Alto Ingredients by 154.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,822 shares of the company's stock valued at $234,000 after purchasing an additional 91,034 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alto Ingredients by 78.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company's stock valued at $28,000 after purchasing an additional 7,968 shares in the last quarter. Geode Capital Management LLC increased its stake in Alto Ingredients by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 893,951 shares of the company's stock valued at $1,395,000 after purchasing an additional 8,435 shares in the last quarter. Finally, Barclays PLC increased its stake in Alto Ingredients by 16.1% in the fourth quarter. Barclays PLC now owns 89,072 shares of the company's stock valued at $139,000 after purchasing an additional 12,369 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

About Alto Ingredients

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.