AMCI Acquisition (NASDAQ:AMCI) Stock Price Down 2.1% – What’s Next?

Shares of AMCI Acquisition Corp. (NASDAQ:AMCI) fell 2.1% during mid-day trading on Monday. The company traded as low as $1.86 and last traded at $1.91. 55,372 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 40,871 shares. The stock had previously closed at $1.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMCI Acquisition in a research note on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, AMCI Acquisition has a consensus rating of “Sell”.

AMCI Acquisition Price Performance

The stock’s fifty day simple moving average is $3.46 and its two-hundred day simple moving average is $5.24.

AMCI Acquisition (NASDAQ:AMCI) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.94 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in AMCI Acquisition stock. Themes Management Co LLC bought a new stake in shares of AMCI Acquisition Corp. (NASDAQ:AMCI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 39,035 shares of the company’s stock, valued at approximately $213,000. Themes Management Co LLC owned 0.17% of AMCI Acquisition as of its most recent SEC filing. 46.08% of the stock is owned by hedge funds and other institutional investors.

AMCI Acquisition Company Profile

AMCI Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the energy, natural resources, industrial, or related sectors. As a SPAC, it did not conduct significant operating activities or offer products and services of its own before completing a transaction.

AMCI Acquisition Corp. completed its business combination with Advent Technologies Holdings, Inc in February 2021. Following the transaction, Advent became a publicly traded company focused on developing fuel-cell and hydrogen technologies, and AMCI Acquisition Corp.