Alto Ingredients, Inc. (NASDAQ:ALTO – Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,040,000 shares, a decline of 20.6% from the March 31st total of 1,310,000 shares. Based on an average trading volume of 580,200 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.5% of the shares of the company are short sold.
Alto Ingredients Stock Performance
Shares of Alto Ingredients stock traded up $0.05 on Friday, reaching $1.94. The company’s stock had a trading volume of 295,826 shares, compared to its average volume of 406,673. Alto Ingredients has a 52-week low of $1.20 and a 52-week high of $4.98. The stock has a 50-day moving average price of $2.08 and a 200-day moving average price of $2.49. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 0.29.
Alto Ingredients (NASDAQ:ALTO – Get Free Report) last posted its quarterly earnings data on Monday, March 11th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.14). The business had revenue of $273.63 million during the quarter, compared to analysts’ expectations of $301.92 million. Alto Ingredients had a negative net margin of 2.29% and a negative return on equity of 7.32%. As a group, sell-side analysts predict that Alto Ingredients will post -0.26 EPS for the current year.
Institutional Trading of Alto Ingredients
About Alto Ingredients
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.
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