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.

Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings data on Friday, November 8th. The industrial products company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.10). The business had revenue of $37.80 million during the quarter, compared to analysts’ expectations of $48.50 million. Vertex Energy had a negative net margin of 5.25% and a negative return on equity of 2.49%. As a group, equities research analysts anticipate that Vertex Energy Inc will post -0.09 earnings per share for the current year.

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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