Aemetis Inc. (AMTX) Downgraded by Zacks Investment Research
According to Zacks, “Aemetis, Inc. is an advanced fuels and renewable chemicals company. It produces renewable chemicals and fuels using patented microbes and processes. Aemetis owns and operates an ethanol animal feed plant in California to produce D5 Advanced Biofuels using the sorghum/biogas/CHP pathway. The Company also built, owns, and operates a renewable chemicals and advanced fuels production facility on the East Coast of India producing high quality, distilled biodiesel and refined glycerin for customers in Europe and Asia. Aemetis, Inc. is headquartered in Cupertino, California. “
Separately, FBR & Co reaffirmed a “hold” rating and set a $1.75 price objective on shares of Aemetis in a research report on Thursday, September 8th.
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Shares of Aemetis (NASDAQ:AMTX) traded down 10.34% during midday trading on Wednesday, hitting $1.30. The stock had a trading volume of 63,060 shares. Aemetis has a 52-week low of $1.01 and a 52-week high of $3.05. The firm’s 50 day moving average price is $1.39 and its 200 day moving average price is $2.04. The firm’s market cap is $25.82 million.
Aemetis (NASDAQ:AMTX) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. The company had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $38.10 million. On average, equities research analysts expect that Aemetis will post ($1.04) earnings per share for the current year.
Aemetis, Inc is an international renewable fuels and biochemicals company. The Company is focused on the production of fuels and chemicals through the acquisition, development and commercialization of technologies that replace traditional petroleum-based products by conversion of first-generation ethanol and biodiesel plants into biorefineries.
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