LanzaTech Global (NASDAQ:LNZA) Announces Quarterly Earnings Results

LanzaTech Global (NASDAQ:LNZA) released its earnings results on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, Zacks reports. LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%.

LanzaTech Global Stock Performance

Shares of LanzaTech Global stock traded up $0.02 on Tuesday, reaching $0.26. 971,295 shares of the company were exchanged, compared to its average volume of 1,142,551. LanzaTech Global has a 1-year low of $0.14 and a 1-year high of $3.26. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market cap of $52.01 million, a price-to-earnings ratio of -0.40 and a beta of 1.70. The company’s 50-day moving average is $0.54 and its two-hundred day moving average is $1.14.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott downgraded LanzaTech Global from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.