Vertex Energy (NASDAQ:VTNR) Stock Crosses Below 200 Day Moving Average of $2.30

Vertex Energy, Inc. (NASDAQ:VTNR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.30 and traded as low as $1.06. Vertex Energy shares last traded at $1.14, with a volume of 5,876,995 shares changing hands.

Wall Street Analyst Weigh In

VTNR has been the subject of a number of research analyst reports. HC Wainwright reduced their price objective on shares of Vertex Energy from $8.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, February 29th. Northland Securities downgraded shares of Vertex Energy from an “outperform” rating to a “market perform” rating and set a $2.00 target price for the company. in a report on Wednesday, January 24th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $4.00 price target on shares of Vertex Energy in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Vertex Energy currently has an average rating of “Hold” and a consensus price target of $4.88.

Vertex Energy Trading Down 17.4 %

The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.18. The firm has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $2.30.

Hedge Funds Weigh In On Vertex Energy

Hedge funds have recently bought and sold shares of the business. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Vertex Energy in the 1st quarter valued at about $27,000. Willis Johnson & Associates Inc. bought a new stake in shares of Vertex Energy in the first quarter valued at approximately $28,000. Mackenzie Financial Corp acquired a new stake in Vertex Energy during the fourth quarter worth approximately $38,000. Victory Capital Management Inc. bought a new position in Vertex Energy during the 4th quarter worth $38,000. Finally, RPO LLC bought a new position in Vertex Energy during the 4th quarter worth $75,000. 42.99% of the stock is owned by institutional investors.

About Vertex Energy

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.