Alto Ingredients (NASDAQ:ALTO) PT Lowered to $7.00

Alto Ingredients (NASDAQ:ALTO – Get Rating) had its target price trimmed by HC Wainwright from $10.00 to $7.00 in a report published on Monday, The Fly reports.

Separately, Craig Hallum cut their price target on shares of Alto Ingredients to $6.00 in a report on Tuesday, November 15th.

Alto Ingredients Trading Down 2.4 %

ALTO opened at $1.87 on Monday. The stock has a market capitalization of $137.94 million, a PE ratio of -3.11 and a beta of 2.51. The firm’s fifty day moving average price is $3.07 and its 200 day moving average price is $3.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.42 and a quick ratio of 2.30. Alto Ingredients has a 12-month low of $1.77 and a 12-month high of $7.37.

Institutional Trading of Alto Ingredients

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. bought a new stake in Alto Ingredients during the fourth quarter valued at $32,000. OLD Mission Capital LLC bought a new stake in Alto Ingredients during the second quarter valued at $45,000. Prelude Capital Management LLC bought a new stake in Alto Ingredients during the third quarter valued at $50,000. Blueshift Asset Management LLC bought a new stake in Alto Ingredients during the third quarter valued at $51,000. Finally, Great West Life Assurance Co. Can bought a new stake in Alto Ingredients during the third quarter valued at $59,000. Institutional investors own 52.20% of the company’s stock.

Alto Ingredients Company Profile

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Alto Ingredients, Inc engages in the production and marketing of specialty alcohols and essential ingredients. It operates through the following segments: Marketing and Distribution, Pekin Production, and Other Production. The Marketing and Distribution segment includes marketing and merchant trading for company-produced alcohols and essential ingredients, on an aggregated basis, and third-party fuel-grade ethanol.