Alto Ingredients (NASDAQ:ALTO) Shares Down 0.8% - What's Next?

Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report)'s share price was down 0.8% during mid-day trading on Monday . The stock traded as low as $1.23 and last traded at $1.23. Approximately 289,735 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 584,594 shares. The stock had previously closed at $1.24.

Alto Ingredients Price Performance

The company's fifty day moving average is $1.04 and its two-hundred day moving average is $1.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.94 and a current ratio of 2.89. The firm has a market cap of $95.00 million, a price-to-earnings ratio of -1.51 and a beta of 1.36.

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

Institutional Investors Weigh In On Alto Ingredients

Large investors have recently modified their holdings of the stock. Two Sigma Investments LP grew its stake in shares of Alto Ingredients by 30.1% in the fourth quarter. Two Sigma Investments LP now owns 158,259 shares of the company's stock valued at $247,000 after buying an additional 36,583 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 buying an additional 91,034 shares in the last quarter. Northern Trust Corp grew its stake in shares of Alto Ingredients by 27.4% in the fourth quarter. Northern Trust Corp now owns 226,928 shares of the company's stock valued at $354,000 after buying an additional 48,768 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Alto Ingredients in the fourth quarter valued at about $94,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Alto Ingredients by 20.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,601,379 shares of the company's stock valued at $2,498,000 after buying an additional 274,918 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Alto Ingredients Company Profile

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.