LanzaTech Global (NASDAQ:LNZA) Shares Down 4.5%

LanzaTech Global, Inc. (NASDAQ:LNZA) dropped 4.5% on Monday . The company traded as low as $7.79 and last traded at $7.88. Approximately 15,655 shares traded hands during trading, a decline of 95% from the average daily volume of 305,101 shares. The stock had previously closed at $8.25.

LanzaTech Global Stock Down 1.1 %

The stock has a 50 day simple moving average of $6.64 and a two-hundred day simple moving average of $4.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.41 and a current ratio of 6.41.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $12.92 million during the quarter, compared to analyst estimates of $14.50 million. Analysts forecast that LanzaTech Global, Inc. will post -0.56 EPS for the current year.

Institutional Investors Weigh In On LanzaTech Global

Institutional investors have recently modified their holdings of the business. Atalaya Capital Management LP acquired a new stake in shares of LanzaTech Global during the 1st quarter valued at about $11,355,000. Hemington Wealth Management acquired a new stake in shares of LanzaTech Global during the 1st quarter valued at about $443,000. CTC Capital Management LLC acquired a new stake in shares of LanzaTech Global during the 1st quarter valued at about $53,000. Sandia Investment Management LP acquired a new stake in shares of LanzaTech Global during the 1st quarter valued at about $76,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of LanzaTech Global during the 2nd quarter valued at about $62,000. 20.85% of the stock is currently owned by institutional investors and hedge funds.

About LanzaTech Global

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. LanzaTech Global, Inc was founded in 2005 and is headquartered in Skokie, Illinois.