Alto Ingredients (NASDAQ:ALTO) Trading 3.9% Higher

Alto Ingredients, Inc. (NASDAQ:ALTO) shares traded up 3.9% during mid-day trading on Monday . The stock traded as high as $1.34 and last traded at $1.33. 424,379 shares traded hands during trading, a decline of 27% from the average session volume of 579,006 shares. The stock had previously closed at $1.28.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $5.50 price objective on shares of Alto Ingredients in a research note on Tuesday, May 7th.

Alto Ingredients Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.97. The company has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $2.03. The stock has a market capitalization of $100.68 million, a price-to-earnings ratio of -3.50 and a beta of 1.84.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. The company had revenue of $240.63 million for the quarter, compared to analyst estimates of $199.56 million. Alto Ingredients had a negative return on equity of 7.18% and a negative net margin of 2.31%. During the same period last year, the company earned ($0.17) earnings per share. On average, equities research analysts predict that Alto Ingredients, Inc. will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALTO. SG Americas Securities LLC acquired a new position in Alto Ingredients during the first quarter worth about $62,000. Tower Research Capital LLC TRC grew its holdings in Alto Ingredients by 959.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,955 shares of the company’s stock worth $64,000 after acquiring an additional 21,693 shares during the period. PEAK6 Investments LLC acquired a new position in Alto Ingredients during the third quarter worth about $65,000. Virtu Financial LLC acquired a new position in Alto Ingredients during the first quarter worth about $68,000. Finally, Brendel Financial Advisors LLC acquired a new position in Alto Ingredients during the fourth quarter worth about $71,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Alto Ingredients Company Profile

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.