Alto Ingredients (NASDAQ:ALTO) Issues Quarterly Earnings Results

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

Alto Ingredients Stock Performance

NASDAQ:ALTO traded up $0.03 during mid-day trading on Wednesday, hitting $1.47. The stock had a trading volume of 702,621 shares, compared to its average volume of 655,722. The company’s 50 day simple moving average is $1.65 and its 200 day simple moving average is $1.58. The stock has a market cap of $112.67 million, a price-to-earnings ratio of -2.83 and a beta of 1.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. Alto Ingredients has a twelve month low of $1.18 and a twelve month high of $2.40.

Alto Ingredients Company Profile

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.