LanzaTech Global (NASDAQ:LNZA) Shares Gap Up to $3.38

LanzaTech Global, Inc. (NASDAQ:LNZA – Get Rating)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $3.38, but opened at $3.48. LanzaTech Global shares last traded at $3.43, with a volume of 9,712 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Roth Mkm started coverage on LanzaTech Global in a research report on Friday, May 12th. They issued a “buy” rating and a $8.00 price objective for the company.

LanzaTech Global Trading Down 1.2 %

The stock’s 50 day moving average is $3.44. The company has a quick ratio of 0.03, a current ratio of 7.06 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On LanzaTech Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of LanzaTech Global in the first quarter worth about $79,000. Simon Quick Advisors LLC bought a new position in shares of LanzaTech Global in the first quarter worth about $118,000. Sandia Investment Management LP bought a new position in shares of LanzaTech Global in the first quarter worth about $76,000. Squarepoint Ops LLC acquired a new stake in LanzaTech Global during the first quarter worth about $105,000. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new stake in LanzaTech Global during the first quarter worth about $74,000. 64.33% of the stock is owned by institutional investors.

LanzaTech Global Company Profile

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LanzaTech Global Inc converts waste carbon into materials such as sustainable fuels, fabrics, packaging and other products which people use in their daily lives. LanzaTech Global Inc, formerly known AMCI Acquisition Corp. II, is based in CHICAGO.