Alto Ingredients (NASDAQ:ALTO) Announces Earnings Results

Alto Ingredients (NASDAQ:ALTO) posted its earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06, Yahoo Finance reports. Alto Ingredients had a negative net margin of 2.31% and a negative return on equity of 7.18%. The business had revenue of $236.47 million for the quarter, compared to analysts’ expectations of $236.17 million. During the same period in the previous year, the company posted $0.10 earnings per share.

Alto Ingredients Stock Up 5.8 %

ALTO traded up $0.08 during trading on Wednesday, hitting $1.46. The company had a trading volume of 629,195 shares, compared to its average volume of 551,932. The company has a market cap of $110.52 million, a PE ratio of -3.84 and a beta of 1.95. The business has a 50-day moving average of $1.47 and a 200-day moving average of $1.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.97. Alto Ingredients has a 1-year low of $1.28 and a 1-year high of $4.98.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and set a $5.50 target price on shares of Alto Ingredients in a research report on Wednesday.

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.