Vertex Energy (VTNR) Sees Unusually-High Trading Volume
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.
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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