Shares of Vertex Energy Inc (NASDAQ:VTNR) saw an uptick in trading volume on Thursday . 1,722,276 shares changed hands during trading, an increase of 1,559% from the previous session’s volume of 103,834 shares.The stock last traded at $1.43 and had previously closed at $1.37.

Separately, Zacks Investment Research downgraded shares of Vertex Energy from a “buy” rating to a “hold” rating in a report on Saturday, May 19th.

The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $45.53 million, a PE ratio of -3.89 and a beta of 1.12.

Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings data on Thursday, August 9th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.08. The business had revenue of $46.92 million during the quarter, compared to the consensus estimate of $42.45 million. Vertex Energy had a negative net margin of 1.91% and a negative return on equity of 7.93%. equities analysts predict that Vertex Energy Inc will post -0.18 EPS for the current year.

An institutional investor recently bought a new position in Vertex Energy stock. Ardsley Advisory Partners purchased a new stake in Vertex Energy Inc (NASDAQ:VTNR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 165,413 shares of the industrial products company’s stock, valued at approximately $175,000. Ardsley Advisory Partners owned 0.47% of Vertex Energy at the end of the most recent reporting period. 11.78% of the stock is currently owned by hedge funds and other institutional investors.

Vertex Energy Company Profile (NASDAQ:VTNR)

Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in 15 states, primarily in the Gulf Coast, Midwest, and Mid-Atlantic regions of the United States. The company operates in three divisions: Black Oil, Refining and Marketing, and Recovery.

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