Aemetis (NASDAQ:AMTX) Shares Break Below 200-Day Moving Average – Time to Sell?

Aemetis, Inc (NASDAQ:AMTX) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $2.09 and traded as low as $1.55. Aemetis shares last traded at $1.56, with a volume of 456,981 shares changing hands.

Analyst Upgrades and Downgrades

AMTX has been the subject of a number of analyst reports. Wall Street Zen raised shares of Aemetis from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aemetis in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.88.

Aemetis Stock Up 1.0%

The business’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $2.08.

Aemetis (NASDAQ:AMTX) last announced its earnings results on Thursday, August 6th. The specialty chemicals company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.16. The firm had revenue of $62.70 million for the quarter, compared to the consensus estimate of $67.69 million. Research analysts anticipate that Aemetis, Inc will post -0.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in Aemetis by 10,632.5% during the 1st quarter. Royal Bank of Canada now owns 8,908 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 8,825 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Aemetis during the first quarter worth $33,000. Prairiewood Capital LLC acquired a new stake in shares of Aemetis during the 1st quarter valued at about $47,000. Caitong International Asset Management Co. Ltd acquired a new stake in Aemetis in the fourth quarter valued at approximately $115,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Aemetis during the first quarter worth $117,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Aemetis Company Profile

Aemetis, Inc is a renewable fuels and renewable chemicals company focused on developing and operating low-carbon production facilities. Its activities include the production of renewable natural gas, renewable fuels, ethanol, and other products designed to reduce greenhouse gas emissions from transportation and industrial operations.

The company operates an ethanol production facility in California’s Central Valley and develops dairy-based biogas and renewable natural gas projects that capture methane from agricultural waste.