Rafferty Asset Management LLC acquired a new position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 439,816 shares of the company’s stock, valued at approximately $2,687,000. Rafferty Asset Management LLC owned 0.60% of Alto Ingredients as of its most recent filing with the SEC.
Shares of ALTO opened at $4.91 on Friday. Alto Ingredients, Inc. has a twelve month low of $4.39 and a twelve month high of $11.44. The firm’s fifty day simple moving average is $5.03 and its 200-day simple moving average is $5.59. The firm has a market capitalization of $357.48 million, a price-to-earnings ratio of 44.64 and a beta of 2.99. The company has a current ratio of 2.21, a quick ratio of 1.68 and a debt-to-equity ratio of 0.18.
Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings data on Monday, August 2nd. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Alto Ingredients had a net margin of 0.91% and a return on equity of 10.65%. On average, analysts predict that Alto Ingredients, Inc. will post 0.45 earnings per share for the current fiscal year.
Alto Ingredients Company Profile
Alto Ingredients, Inc engages in the production and marketing of specialty alcohols and essential ingredients. It operates through the following segments: Marketing and Distribution, Pekin Campus Production, and Other Production. The Marketing and Distribution segment includes marketing and merchant trading for company-produced alcohols and essential ingredients, on an aggregated basis, and third-party fuel-grade ethanol.
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