Alto Ingredients (NASDAQ:ALTO) Announces Earnings Results

Alto Ingredients (NASDAQ:ALTO) released its quarterly earnings results on Monday. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.01, Zacks reports. The company had revenue of $240.63 million during the quarter, compared to analysts’ expectations of $199.56 million. Alto Ingredients had a negative net margin of 2.29% and a negative return on equity of 7.32%. During the same quarter in the prior year, the company earned ($0.17) earnings per share.

Alto Ingredients Stock Performance

NASDAQ:ALTO traded down $0.04 on Wednesday, hitting $1.72. The company’s stock had a trading volume of 659,522 shares, compared to its average volume of 633,365. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. Alto Ingredients has a one year low of $1.53 and a one year high of $4.98. The stock has a fifty day moving average of $2.04 and a two-hundred day moving average of $2.37. The firm has a market capitalization of $130.05 million, a P/E ratio of -4.51 and a beta of 1.92.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $5.50 target price on shares of Alto Ingredients in a report on Tuesday.

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.