Alto Ingredients, Inc. (NASDAQ:ALTO – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,040,000 shares, a drop of 20.6% from the March 31st total of 1,310,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 580,200 shares, the short-interest ratio is currently 1.8 days.
Alto Ingredients Stock Up 2.6 %
Shares of NASDAQ ALTO opened at $1.94 on Monday. Alto Ingredients has a one year low of $1.20 and a one year high of $4.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.59 and a quick ratio of 1.78. The firm’s 50 day simple moving average is $2.08 and its two-hundred day simple moving average is $2.48. The stock has a market capitalization of $146.86 million, a P/E ratio of -4.97 and a beta of 1.89.
Alto Ingredients (NASDAQ:ALTO – Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.14). Alto Ingredients had a negative net margin of 2.29% and a negative return on equity of 7.32%. The business had revenue of $273.63 million for the quarter, compared to the consensus estimate of $301.92 million. As a group, analysts expect that Alto Ingredients will post -0.26 EPS for the current fiscal year.
Institutional Inflows and Outflows
About Alto Ingredients
Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.
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