AMCI Acquisition (NASDAQ:AMCI – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, RTT News reports.
AMCI Acquisition Stock Down 8.6%
Shares of AMCI traded down $0.43 during mid-day trading on Monday, hitting $4.57. The company’s stock had a trading volume of 66,660 shares, compared to its average volume of 49,451. AMCI Acquisition has a one year low of $2.50 and a one year high of $42.00. The stock’s 50-day moving average is $6.45 and its two-hundred day moving average is $8.85.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Weiss Ratings cut AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of AMCI Acquisition to a “strong sell” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in AMCI Acquisition stock. Harraden Circle Investments LLC bought a new stake in AMCI Acquisition Corp. (NASDAQ:AMCI – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 141,019 shares of the company’s stock, valued at approximately $1,115,000. Harraden Circle Investments LLC owned about 0.62% of AMCI Acquisition at the end of the most recent quarter. 46.08% of the stock is owned by institutional investors.
AMCI Acquisition Company Profile
AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.
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