Aemetis (NASDAQ:AMTX) Shares Pass Below 200-Day Moving Average – What’s Next?

Shares of Aemetis, Inc. (NASDAQ:AMTX) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.66 and traded as low as $1.91. Aemetis shares last traded at $1.94, with a volume of 566,085 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMTX. StockNews.com upgraded shares of Aemetis to a “sell” rating in a research report on Wednesday, February 5th. HC Wainwright restated a “buy” rating and issued a $28.00 target price on shares of Aemetis in a research report on Friday, March 14th. Finally, Ascendiant Capital Markets lifted their price target on Aemetis from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.56.

Aemetis Stock Up 4.3 %

The firm has a market capitalization of $104.51 million, a P/E ratio of -0.87 and a beta of 1.48. The business’s 50 day moving average is $2.03 and its two-hundred day moving average is $2.65.

Institutional Trading of Aemetis

Institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC acquired a new position in shares of Aemetis during the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC increased its position in shares of Aemetis by 128.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,407 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 5,859 shares during the period. Voya Investment Management LLC bought a new stake in shares of Aemetis in the 4th quarter worth $28,000. Clear Harbor Asset Management LLC bought a new stake in shares of Aemetis in the 4th quarter worth $44,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Aemetis in the fourth quarter valued at $46,000. 27.02% of the stock is owned by institutional investors and hedge funds.

About Aemetis

Aemetis, Inc operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the operation, acquisition, development, and commercialization of technologies to produce low and negative carbon intensity renewable fuels that replace fossil-based products.