AMCI Acquisition (NASDAQ:AMCI) Announces Quarterly Earnings Results

AMCI Acquisition (NASDAQ:AMCI – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, RTT News reports.

AMCI Acquisition Stock Performance

Shares of AMCI stock traded down $0.43 on Monday, reaching $4.57. The company had a trading volume of 66,660 shares, compared to its average volume of 49,451. The company has a 50-day moving average of $6.45 and a 200-day moving average of $8.85. AMCI Acquisition has a 12 month low of $2.50 and a 12 month high of $42.00.

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Institutional Trading of AMCI Acquisition

A hedge fund recently bought a new stake in AMCI Acquisition stock. DLD Asset Management LP purchased a new stake in AMCI Acquisition Corp. (NASDAQ:AMCI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,679 shares of the company’s stock, valued at approximately $84,000. 46.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on AMCI shares. Wall Street Zen cut AMCI Acquisition to a “strong sell” rating in a report on Saturday, February 14th. Weiss Ratings cut shares of AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AMCI Acquisition has a consensus rating of “Sell”.

Read Our Latest Report on AMCI

AMCI Acquisition Company Profile

(Get Free Report)

AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.

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