Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report)'s stock price shot up 2.4% on Tuesday . The company traded as high as $0.82 and last traded at $0.80. 133,997 shares were traded during mid-day trading, a decline of 78% from the average session volume of 611,747 shares. The stock had previously closed at $0.78.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and set a $5.50 target price on shares of Alto Ingredients in a research report on Thursday, March 6th.
Check Out Our Latest Analysis on Alto Ingredients
Alto Ingredients Stock Up 1.3 %
The business's 50 day moving average is $1.21 and its 200 day moving average is $1.46. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32. The company has a market cap of $69.07 million, a P/E ratio of -1.73 and a beta of 1.62.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in ALTO. JPMorgan Chase & Co. grew 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 during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Alto Ingredients in the 4th quarter worth approximately $50,000. SBI Securities Co. Ltd. bought a new position in shares of Alto Ingredients during the 4th quarter worth approximately $54,000. XTX Topco Ltd purchased a new stake in Alto Ingredients during the fourth quarter valued at approximately $94,000. Finally, Barclays PLC lifted its position in Alto Ingredients by 123.9% during the third quarter. Barclays PLC now owns 76,703 shares of the company's stock valued at $123,000 after acquiring an additional 42,450 shares during the last quarter. 42.44% of the stock is owned by institutional investors.
Alto Ingredients Company Profile
(
Get Free Report)
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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