AMCI Acquisition Corp. (NASDAQ:AMCI – Get Free Report) shot up 2.5% on Monday . The stock traded as high as $4.73 and last traded at $4.55. 12,144 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 63,300 shares. The stock had previously closed at $4.44.
Wall Street Analyst Weigh In
Several brokerages have weighed in on AMCI. Weiss Ratings cut AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Wall Street Zen raised AMCI Acquisition from a “strong sell” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Stock Report on AMCI
AMCI Acquisition Trading Down 2.0%
AMCI Acquisition (NASDAQ:AMCI – Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The company reported ($1.64) EPS for the quarter. The firm had revenue of $1.29 million during the quarter.
Hedge Funds Weigh In On AMCI Acquisition
A number of institutional investors have recently modified their holdings of the business. Themes Management Co LLC acquired a new position in shares of AMCI Acquisition during the 1st quarter worth $213,000. DLD Asset Management LP acquired a new position in shares of AMCI Acquisition during the 4th quarter worth $84,000. Finally, Harraden Circle Investments LLC acquired a new position in shares of AMCI Acquisition during the 4th quarter worth $1,115,000. Institutional investors and hedge funds own 46.08% of the company’s stock.
About AMCI Acquisition
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.
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