Vertex Energy (NASDAQ:VTNR) Share Price Crosses Below 200 Day Moving Average of $1.62

Vertex Energy, Inc. (NASDAQ:VTNR) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.62 and traded as low as $1.00. Vertex Energy shares last traded at $1.01, with a volume of 1,312,193 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on VTNR shares. StockNews.com raised shares of Vertex Energy to a “sell” rating in a research report on Friday, May 10th. Stifel Nicolaus reissued a “hold” rating and issued a $4.00 price objective on shares of Vertex Energy in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.88.

Vertex Energy Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.43 and a debt-to-equity ratio of 1.33. The business’s 50-day moving average is $1.16 and its two-hundred day moving average is $1.61.

Vertex Energy (NASDAQ:VTNR) last posted its earnings results on Thursday, May 9th. The industrial products company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. The firm had revenue of $695.33 million during the quarter, compared to the consensus estimate of $672.52 million. Vertex Energy had a negative net margin of 4.50% and a negative return on equity of 45.99%. During the same quarter last year, the company earned ($0.58) earnings per share. Equities research analysts predict that Vertex Energy, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Trading of Vertex Energy

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Vertex Energy by 30.5% during the third quarter. Vanguard Group Inc. now owns 5,094,415 shares of the industrial products company’s stock valued at $22,670,000 after buying an additional 1,191,692 shares during the period. Swiss National Bank boosted its holdings in Vertex Energy by 31.8% in the 3rd quarter. Swiss National Bank now owns 184,500 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 44,500 shares during the period. Versor Investments LP purchased a new position in shares of Vertex Energy during the 4th quarter valued at $161,000. Victory Capital Management Inc. purchased a new stake in shares of Vertex Energy in the fourth quarter worth $38,000. Finally, Van ECK Associates Corp boosted its position in shares of Vertex Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 430,699 shares of the industrial products company’s stock valued at $1,460,000 after acquiring an additional 107,400 shares during the last quarter. Hedge funds and other institutional investors own 42.99% of the company’s stock.

Vertex Energy Company Profile

Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.