LanzaTech Global (NASDAQ:LNZA) Trading Down 5.6%

LanzaTech Global, Inc. (NASDAQ:LNZA) shares dropped 5.6% during mid-day trading on Friday . The company traded as low as $2.68 and last traded at $2.71. Approximately 142,990 shares were traded during trading, a decline of 49% from the average daily volume of 278,787 shares. The stock had previously closed at $2.87.

Analyst Upgrades and Downgrades

LNZA has been the topic of a number of recent research reports. Seaport Res Ptn reissued a “buy” rating on shares of LanzaTech Global in a report on Friday, March 15th. Roth Mkm reissued a “buy” rating and set a $6.00 price objective on shares of LanzaTech Global in a report on Monday, March 25th.

LanzaTech Global Trading Down 5.6 %

The firm has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $3.84. The stock has a market cap of $532.90 million, a PE ratio of -2.88 and a beta of 1.58. The company has a current ratio of 6.22, a quick ratio of 6.22 and a debt-to-equity ratio of 0.17.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. The firm had revenue of $20.46 million for the quarter, compared to analysts’ expectations of $36.50 million. As a group, equities analysts expect that LanzaTech Global, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at LanzaTech Global

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total value of $162,729.00. Following the sale, the insider now owns 39,846 shares of the company’s stock, valued at approximately $129,101.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of LanzaTech Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of LanzaTech Global by 1,631.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,915,847 shares of the company’s stock valued at $27,627,000 after purchasing an additional 5,574,089 shares during the last quarter. Invesco Ltd. increased its position in shares of LanzaTech Global by 14,760.6% during the 3rd quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock valued at $7,311,000 after purchasing an additional 1,555,034 shares during the last quarter. Dumac Inc. bought a new position in shares of LanzaTech Global during the 3rd quarter valued at about $4,899,000. Van ECK Associates Corp increased its position in shares of LanzaTech Global by 52.3% during the 4th quarter. Van ECK Associates Corp now owns 510,257 shares of the company’s stock valued at $2,567,000 after purchasing an additional 175,290 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of LanzaTech Global during the 3rd quarter valued at about $780,000. Hedge funds and other institutional investors own 17.76% of the company’s stock.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.