Alto Ingredients (NASDAQ:ALTO) Posts Earnings Results, Misses Expectations By $0.13 EPS

Alto Ingredients (NASDAQ:ALTO) announced its earnings results on Wednesday. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.13), Zacks reports. Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%.

Alto Ingredients Stock Up 2.1 %

Shares of NASDAQ ALTO traded up $0.03 during mid-day trading on Wednesday, hitting $1.47. The company had a trading volume of 702,621 shares, compared to its average volume of 655,722. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $1.65 and a two-hundred day simple moving average of $1.58. The company has a market capitalization of $112.67 million, a PE ratio of -2.83 and a beta of 1.86. Alto Ingredients has a one year low of $1.18 and a one year high of $2.40.

About Alto Ingredients

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.