Aemetis (NASDAQ:AMTX) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Aemetis, Inc (NASDAQ:AMTX) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.02 and traded as low as $1.47. Aemetis shares last traded at $1.50, with a volume of 469,244 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMTX shares. Ascendiant Capital Markets reduced their price target on shares of Aemetis from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Aemetis in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aemetis Stock Down 2.0%

The company has a market cap of $99.30 million, a PE ratio of -0.93 and a beta of 2.66. The stock has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $2.02.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMTX. Marshall Wace LLP increased its stake in Aemetis by 289.3% during the 4th quarter. Marshall Wace LLP now owns 559,754 shares of the specialty chemicals company’s stock worth $778,000 after buying an additional 415,978 shares during the period. Vanguard Group Inc. raised its stake in shares of Aemetis by 15.3% in the third quarter. Vanguard Group Inc. now owns 2,479,163 shares of the specialty chemicals company’s stock valued at $5,578,000 after acquiring an additional 329,760 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Aemetis in the 2nd quarter valued at approximately $634,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Aemetis in the 3rd quarter valued at $563,000. Finally, 683 Capital Management LLC purchased a new stake in shares of Aemetis during the 4th quarter worth $327,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

About Aemetis

Aemetis, Inc, headquartered in Cupertino, California, is a renewable fuels and renewable natural gas producer dedicated to decarbonizing the transportation sector. The company operates two primary business segments: Aemetis Advanced Fuels, which manufactures ethanol, biodiesel and sustainable aviation fuel using patented carbon capture and separation technology; and Aemetis RNG, which develops dairy-based renewable natural gas projects in California for pipeline injection and transportation use.

Since its incorporation in 2006, Aemetis has expanded its production footprint through organic growth and strategic acquisitions.