LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) shares traded down 10.6% on Tuesday . The company traded as low as $19.00 and last traded at $20.11. 53,371 shares were traded during trading, an increase of 183% from the average session volume of 18,872 shares. The stock had previously closed at $22.50.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of LanzaTech Global from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, LanzaTech Global presently has an average rating of "Hold" and a consensus price target of $200.00.
Get Our Latest Stock Report on LNZA
LanzaTech Global Stock Down 10.6%
The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.08. The stock's 50-day moving average is $29.17 and its 200-day moving average is $28.44. The company has a market cap of $46.66 million and a price-to-earnings ratio of -0.38.
Institutional Trading of LanzaTech Global
A number of hedge funds and other institutional investors have recently bought and sold shares of LNZA. Jane Street Group LLC bought a new stake in LanzaTech Global during the 2nd quarter valued at $230,000. Marshall Wace LLP bought a new stake in LanzaTech Global during the 2nd quarter valued at $82,000. Nuveen LLC bought a new stake in LanzaTech Global during the 1st quarter valued at $49,000. SBI Securities Co. Ltd. increased its stake in LanzaTech Global by 16,556.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company's stock valued at $41,000 after purchasing an additional 169,371 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company's stock valued at $45,000 after purchasing an additional 168,247 shares in the last quarter. Institutional investors own 17.76% of the company's stock.
LanzaTech Global Company Profile
(
Get Free Report)
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.
See Also
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