Vertex Energy (NASDAQ:VTNR) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Vertex Energy, Inc. (NASDAQ:VTNR) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.82 and traded as low as $0.05. Vertex Energy shares last traded at $0.05, with a volume of 21,174,500 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VTNR shares. Craig Hallum downgraded shares of Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a research report on Friday, August 9th. StockNews.com started coverage on shares of Vertex Energy in a research report on Tuesday. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Vertex Energy has a consensus rating of “Hold” and an average target price of $2.63.

Vertex Energy Stock Down 51.5 %

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.30 and a current ratio of 0.56. The stock has a 50 day simple moving average of $0.34 and a two-hundred day simple moving average of $0.82.

Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). Vertex Energy had a negative net margin of 3.61% and a negative return on equity of 58.04%. The firm had revenue of $750.06 million for the quarter, compared to analyst estimates of $729.29 million. During the same quarter in the prior year, the business posted ($0.55) EPS.

Institutional Trading of Vertex Energy

Several institutional investors have recently bought and sold shares of VTNR. Point72 DIFC Ltd purchased a new position in shares of Vertex Energy during the 2nd quarter valued at approximately $54,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Vertex Energy in the second quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vertex Energy in the second quarter valued at about $94,000. XTX Topco Ltd raised its position in shares of Vertex Energy by 89.7% during the 2nd quarter. XTX Topco Ltd now owns 154,284 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 72,958 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in Vertex Energy by 11.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 130,402 shares of the industrial products company’s stock valued at $123,000 after buying an additional 13,533 shares in the last quarter. 42.99% of the stock is owned by institutional investors and hedge funds.

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.