Alto Ingredients, Inc. (NASDAQ:ALTO – Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,040,000 shares, a decline of 20.6% from the March 31st total of 1,310,000 shares. Based on an average trading volume of 580,200 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the shares of the stock are sold short.
Alto Ingredients Stock Performance
Alto Ingredients stock traded up $0.05 during trading on Friday, hitting $1.94. The company’s stock had a trading volume of 295,826 shares, compared to its average volume of 406,673. The stock’s fifty day moving average is $2.08 and its 200 day moving average is $2.49. Alto Ingredients has a 1-year low of $1.20 and a 1-year high of $4.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.59.
Alto Ingredients (NASDAQ:ALTO – Get Free Report) last released its earnings results on Monday, March 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.14). The business had revenue of $273.63 million during the quarter, compared to analyst estimates of $301.92 million. Alto Ingredients had a negative net margin of 2.29% and a negative return on equity of 7.32%. On average, equities analysts forecast that Alto Ingredients will post -0.26 earnings per share for the current year.
Hedge Funds Weigh In On Alto Ingredients
About Alto Ingredients
Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.
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