AMCI Acquisition (NASDAQ:AMCI) Releases Quarterly Earnings Results

AMCI Acquisition (NASDAQ:AMCIGet Free Report) posted its quarterly earnings data on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, RTT News reports.

AMCI Acquisition Stock Down 8.6%

Shares of NASDAQ:AMCI traded down $0.43 on Monday, hitting $4.57. 66,660 shares of the company’s stock were exchanged, compared to its average volume of 49,451. AMCI Acquisition has a 12 month low of $2.50 and a 12 month high of $42.00. The business’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $8.85.

Institutional Trading of AMCI Acquisition

An institutional investor recently bought a new position in AMCI Acquisition stock. DLD Asset Management LP bought a new position in AMCI Acquisition Corp. (NASDAQ:AMCIFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,679 shares of the company’s stock, valued at approximately $84,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of AMCI Acquisition to a “strong sell” rating in a report on Saturday, February 14th. Weiss Ratings downgraded shares of AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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About AMCI Acquisition

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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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