LanzaTech Global (NASDAQ:LNZA) Issues Quarterly Earnings Results

LanzaTech Global (NASDAQ:LNZA - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. The business had revenue of $12.03 million during the quarter.

LanzaTech Global Trading Down 12.7 %

LanzaTech Global stock traded down $0.03 during trading on Friday, hitting $0.17. The company had a trading volume of 2,774,902 shares, compared to its average volume of 1,172,055. The stock has a market cap of $34.55 million, a price-to-earnings ratio of -0.27 and a beta of 1.70. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64. LanzaTech Global has a 1-year low of $0.14 and a 1-year high of $3.26. The company's 50 day simple moving average is $0.49 and its 200-day simple moving average is $1.10.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott downgraded LanzaTech Global from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.