LanzaTech Global (NASDAQ:LNZA) Hits New 1-Year Low at $2.88

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA – Get Rating) hit a new 52-week low on Thursday . The company traded as low as $2.88 and last traded at $2.89, with a volume of 96363 shares changing hands. The stock had previously closed at $3.23.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm started coverage on LanzaTech Global in a research note on Friday, May 12th. They issued a “buy” rating and a $8.00 price target for the company.

LanzaTech Global Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 7.06 and a quick ratio of 7.06. The business’s 50 day moving average price is $3.42.

Hedge Funds Weigh In On LanzaTech Global

Several hedge funds have recently modified their holdings of LNZA. Jane Street Group LLC bought a new stake in shares of LanzaTech Global in the 1st quarter worth approximately $79,000. Simon Quick Advisors LLC bought a new stake in shares of LanzaTech Global in the 1st quarter worth approximately $118,000. Sandia Investment Management LP bought a new stake in shares of LanzaTech Global in the 1st quarter worth approximately $76,000. Squarepoint Ops LLC bought a new stake in LanzaTech Global during the 1st quarter valued at $105,000. Finally, Board of Trustees of The Leland Stanford Junior University bought a new stake in LanzaTech Global during the 1st quarter valued at $74,000. Institutional investors own 64.33% of the company’s stock.

About LanzaTech Global

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LanzaTech Global Inc converts waste carbon into materials such as sustainable fuels, fabrics, packaging and other products which people use in their daily lives. LanzaTech Global Inc, formerly known AMCI Acquisition Corp. II, is based in CHICAGO.