Vertex Energy (NASDAQ:VTNR) Share Price Passes Below 200 Day Moving Average of $2.92

Shares of Vertex Energy, Inc. (NASDAQ:VTNR - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.92 and traded as low as $1.32. Vertex Energy shares last traded at $1.36, with a volume of 1,459,427 shares trading hands.

Analysts Set New Price Targets

VTNR has been the subject of several recent research reports. Stifel Nicolaus cut Vertex Energy from a "buy" rating to a "hold" rating and cut their price target for the company from $6.00 to $4.00 in a research note on Tuesday, December 19th. Northland Securities cut Vertex Energy from an "outperform" rating to a "market perform" rating and set a $2.00 price target for the company. in a research note on Wednesday, January 24th. Finally, HC Wainwright cut their price target on Vertex Energy from $8.00 to $3.50 and set a "buy" rating for the company in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Vertex Energy has an average rating of "Hold" and an average target price of $4.88.

Vertex Energy Price Performance

The firm has a 50 day simple moving average of $1.43 and a two-hundred day simple moving average of $2.89. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.52 and a current ratio of 1.07.

Institutional Investors Weigh In On Vertex Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its stake in shares of Vertex Energy by 9.2% in the 1st quarter. XTX Topco Ltd now owns 20,163 shares of the industrial products company's stock valued at $200,000 after acquiring an additional 1,701 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Vertex Energy by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 147,090 shares of the industrial products company's stock valued at $912,000 after acquiring an additional 1,935 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Vertex Energy by 1.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 156,656 shares of the industrial products company's stock valued at $697,000 after acquiring an additional 2,239 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Vertex Energy by 1.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 231,693 shares of the industrial products company's stock valued at $1,448,000 after acquiring an additional 2,784 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Vertex Energy by 3.8% in the 1st quarter. Northern Trust Corp now owns 79,299 shares of the industrial products company's stock valued at $788,000 after acquiring an additional 2,903 shares during the last quarter. 42.99% of the stock is currently owned by institutional investors.

About Vertex Energy

Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.