Alto Ingredients (NASDAQ:ALTO) Trading 4.6% Higher - Here's What Happened

Key Points

• Alto Ingredients' stock rose by 4.6% to $1.13, with a trading volume of 319,720 shares, although this was an 8% decrease compared to its average session volume.
• Weiss Ratings has issued a "sell" rating for Alto Ingredients, while the stock holds an average rating of "Hold" from analysts with a consensus price target of $5.50.
• The company reported a net loss of $0.15 EPS for the last quarter, slightly beating expectations, but also had a negative net margin of 7.16% and negative return on equity of 18.78%.

Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report) shares traded up 4.6% on Monday . The stock traded as high as $1.17 and last traded at $1.13. 319,720 shares traded hands during trading, a decline of 8% from the average session volume of 346,565 shares. The stock had previously closed at $1.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Alto Ingredients in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.50.

Alto Ingredients Price Performance

The company has a quick ratio of 2.25, a current ratio of 3.52 and a debt-to-equity ratio of 0.57. The firm's fifty day moving average price is $1.11 and its two-hundred day moving average price is $1.05. The stock has a market capitalization of $87.46 million, a PE ratio of -1.23 and a beta of 0.67.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.03. Alto Ingredients had a negative net margin of 7.16% and a negative return on equity of 18.78%. The business had revenue of $218.44 million during the quarter, compared to analysts' expectations of $223.61 million. On average, equities analysts predict that Alto Ingredients, Inc. will post -0.37 earnings per share for the current year.

Institutional Trading of Alto Ingredients

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALTO. JPMorgan Chase & Co. increased its holdings in Alto Ingredients by 2,539,250.0% during the second quarter. JPMorgan Chase & Co. now owns 50,787 shares of the company's stock valued at $58,000 after buying an additional 50,785 shares during the last quarter. Corsair Capital Management L.P. increased its holdings in Alto Ingredients by 67.7% during the second quarter. Corsair Capital Management L.P. now owns 50,500 shares of the company's stock valued at $58,000 after buying an additional 20,383 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Alto Ingredients during the first quarter valued at approximately $199,000. Empowered Funds LLC increased its holdings in Alto Ingredients by 8.5% during the first quarter. Empowered Funds LLC now owns 275,552 shares of the company's stock valued at $314,000 after buying an additional 21,626 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Alto Ingredients by 5.9% during the second quarter. Bridgeway Capital Management LLC now owns 487,059 shares of the company's stock valued at $560,000 after buying an additional 27,007 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

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.

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