Alto Ingredients, Inc. (NASDAQ:ALTO – Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,310,000 shares, a decrease of 14.4% from the March 15th total of 1,530,000 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 684,700 shares, the short-interest ratio is presently 1.9 days.
Alto Ingredients Stock Performance
NASDAQ ALTO traded down $0.04 during mid-day trading on Monday, reaching $2.03. 589,891 shares of the stock were exchanged, compared to its average volume of 679,914. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 2.59. The business’s 50 day moving average is $2.10 and its 200-day moving average is $2.62. The company has a market capitalization of $153.67 million, a P/E ratio of -5.20 and a beta of 1.89. Alto Ingredients has a 1 year low of $1.20 and a 1 year high of $4.97.
Alto Ingredients (NASDAQ:ALTO – Get Free Report) last posted its quarterly earnings data on Monday, March 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.14). The company had revenue of $273.63 million for the quarter, compared to analyst estimates of $301.92 million. Alto Ingredients had a negative return on equity of 7.32% and a negative net margin of 2.29%. On average, equities research analysts forecast that Alto Ingredients will post -0.26 EPS for the current fiscal year.
Hedge Funds Weigh In On Alto Ingredients
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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