LanzaTech Global (NASDAQ:LNZA) Trading 2.5% Higher - Here's What Happened

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) traded up 2.5% on Wednesday . The stock traded as high as $0.32 and last traded at $0.32. 880,641 shares were traded during trading, a decline of 42% from the average session volume of 1,524,484 shares. The stock had previously closed at $0.31.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Janney Montgomery Scott lowered LanzaTech Global from a "buy" rating to a "neutral" rating in a report on Thursday, March 13th. Roth Capital downgraded shares of LanzaTech Global from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 19th.

LanzaTech Global Price Performance

The company has a market cap of $73.30 million, a P/E ratio of -0.47 and a beta of 1.71. The stock has a 50-day simple moving average of $0.26 and a 200 day simple moving average of $0.61. The company has a debt-to-equity ratio of 6.08, a quick ratio of 2.17 and a current ratio of 2.17.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. LanzaTech Global had a negative net margin of 269.20% and a negative return on equity of 562.88%. The company had revenue of $9.48 million during the quarter, compared to the consensus estimate of $30.58 million. On average, equities analysts expect that LanzaTech Global, Inc. will post -0.66 EPS for the current year.

Institutional Trading of LanzaTech Global

Institutional investors have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of LanzaTech Global by 47.1% in the fourth quarter. Invesco Ltd. now owns 4,264,525 shares of the company's stock valued at $5,842,000 after acquiring an additional 1,365,668 shares during the last quarter. DnB Asset Management AS acquired a new stake in LanzaTech Global during the 4th quarter valued at $467,000. Nuveen LLC bought a new position in LanzaTech Global in the 1st quarter valued at $49,000. SBI Securities Co. Ltd. boosted its stake in LanzaTech Global by 16,556.3% in the first quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company's stock worth $41,000 after purchasing an additional 169,371 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company's stock worth $45,000 after purchasing an additional 168,247 shares during the last quarter. Institutional investors and hedge funds own 17.76% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.