AMCI Acquisition (NASDAQ:AMCI) Stock Price Up 2.5% – Should You Buy?

AMCI Acquisition Corp. (NASDAQ:AMCIGet Free Report)’s share price rose 2.5% on Monday . The stock traded as high as $4.73 and last traded at $4.55. Approximately 12,144 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 63,300 shares. The stock had previously closed at $4.44.

Wall Street Analyst Weigh In

AMCI has been the topic of several analyst reports. Weiss Ratings downgraded shares of AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of AMCI Acquisition from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Stock Report on AMCI

AMCI Acquisition Trading Up 2.5%

The firm’s fifty day moving average is $5.66 and its 200 day moving average is $7.06.

AMCI Acquisition (NASDAQ:AMCIGet Free Report) last posted its quarterly earnings results on Monday, April 20th. The company reported ($1.64) EPS for the quarter. The company had revenue of $1.29 million for the quarter.

Institutional Trading of AMCI Acquisition

Several institutional investors have recently made changes to their positions in AMCI. DLD Asset Management LP acquired a new stake in shares of AMCI Acquisition during the fourth quarter worth approximately $84,000. Themes Management Co LLC acquired a new stake in AMCI Acquisition in the first quarter valued at approximately $213,000. Finally, Harraden Circle Investments LLC acquired a new stake in AMCI Acquisition in the fourth quarter valued at approximately $1,115,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

AMCI Acquisition Company Profile

(Get Free Report)

AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.

Further Reading

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