Alto Ingredients (NASDAQ:ALTO) Trading Down 5.2% – What’s Next?

Alto Ingredients, Inc. (NASDAQ:ALTO) shares fell 5.2% on Tuesday . The stock traded as low as $2.52 and last traded at $2.54. 556,388 shares were traded during trading, a decline of 33% from the average session volume of 824,512 shares. The stock had previously closed at $2.68.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Zacks Research lowered shares of Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Alto Ingredients in a research report on Monday, December 29th. Finally, Wall Street Zen raised Alto Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.50.

Alto Ingredients Stock Down 5.2%

The firm has a market capitalization of $196.44 million, a price-to-earnings ratio of -3.68 and a beta of 0.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.30 and a current ratio of 3.56. The business’s 50 day moving average is $2.70 and its 200-day moving average is $1.85.

Institutional Trading of Alto Ingredients

Hedge funds have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC acquired a new stake in Alto Ingredients in the 4th quarter valued at approximately $164,000. Corsair Capital Management L.P. bought a new stake in shares of Alto Ingredients in the fourth quarter valued at approximately $721,000. Graham Capital Management L.P. acquired a new stake in shares of Alto Ingredients in the fourth quarter worth $146,000. Squarepoint Ops LLC bought a new position in Alto Ingredients during the fourth quarter worth $326,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Alto Ingredients during the 4th quarter valued at $312,000. Institutional investors own 42.44% of the company’s stock.

About Alto Ingredients

Alto Ingredients, Inc (NASDAQ: ALTO) is a diversified producer of alcohol-based products and specialty ingredients for industrial, food, beverage and personal care applications. The company’s core offering centers on ethanol produced for fuel markets, as well as an expanding portfolio of natural and organic alcohols, glycerin and other ingredient solutions. Alto’s product lines serve a range of end markets, including renewable fuels, confectionery, flavorings, cosmetics and sanitizers.

Headquartered in Dallas, Texas, Alto Ingredients operates a network of production facilities across the United States.