Vertex Energy (NASDAQ:VTNR) Stock Price Passes Above 50 Day Moving Average of $1.58
Vertex Energy Inc (NASDAQ:VTNR)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.58 and traded as high as $1.94. Vertex Energy shares last traded at $1.87, with a volume of 22,506 shares.
Several equities analysts have weighed in on VTNR shares. Zacks Investment Research reissued a “hold” rating and set a $1.25 price target on shares of Vertex Energy in a research report on Saturday, October 26th. HC Wainwright started coverage on Vertex Energy in a research report on Monday, December 9th. They set a “buy” rating for the company. Finally, ValuEngine raised Vertex Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 10th.
The firm has a market cap of $77.84 million, a PE ratio of -6.03 and a beta of 1.81. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.96 and a quick ratio of 0.74. The stock has a 50-day moving average price of $1.59 and a 200 day moving average price of $1.36.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Vertex Energy by 33.4% in the second quarter. BlackRock Inc. now owns 100,143 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 25,053 shares during the period. City Holding Co. purchased a new stake in shares of Vertex Energy in the fourth quarter valued at $45,000. Finally, Vanguard Group Inc. grew its position in shares of Vertex Energy by 290.4% in the second quarter. Vanguard Group Inc. now owns 2,053,551 shares of the industrial products company’s stock valued at $3,101,000 after purchasing an additional 1,527,590 shares during the period. 22.37% of the stock is owned by institutional investors and hedge funds.
About Vertex Energy (NASDAQ:VTNR)
Vertex Energy, Inc engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery.
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