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

Aemetis, Inc (NASDAQ:AMTX)’s stock price passed 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 changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Aemetis in a research note on Wednesday, January 21st. Ascendiant Capital Markets reduced their price objective on shares of Aemetis from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Aemetis Price Performance

The company has a market capitalization of $99.30 million, a PE ratio of -0.93 and a beta of 2.66. The company’s fifty day moving average is $1.52 and its 200-day moving average is $2.02.

Hedge Funds Weigh In On Aemetis

Large investors have recently made changes to their positions in the business. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Aemetis in the 2nd quarter worth $25,000. R Squared Ltd purchased a new stake in Aemetis in the second quarter valued at about $30,000. Creative Planning acquired a new stake in Aemetis in the second quarter worth about $30,000. Engineers Gate Manager LP acquired a new stake in Aemetis in the second quarter worth about $42,000. Finally, Centiva Capital LP purchased a new stake in shares of Aemetis during the third quarter worth about $39,000. 27.02% of the stock is owned by institutional investors and hedge funds.

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.