Alto Ingredients (NASDAQ:ALTO) Issues Earnings Results

Alto Ingredients (NASDAQ:ALTO) released its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06), Zacks reports. Alto Ingredients had a negative return on equity of 11.26% and a negative net margin of 3.49%. The business had revenue of $251.81 million during the quarter, compared to the consensus estimate of $274.94 million. During the same period in the previous year, the company posted ($0.05) EPS.

Alto Ingredients Price Performance

Shares of NASDAQ ALTO traded down $0.73 during mid-day trading on Thursday, reaching $1.21. 7,651,783 shares of the company traded hands, compared to its average volume of 568,309. The firm has a market cap of $92.55 million, a PE ratio of -2.43 and a beta of 1.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.09 and a quick ratio of 2.09. Alto Ingredients has a fifty-two week low of $1.18 and a fifty-two week high of $3.00. The stock has a fifty day simple moving average of $1.63 and a 200-day simple moving average of $1.58.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Alto Ingredients in a report on Wednesday, August 7th.

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.