AMCI Acquisition (NASDAQ:AMCI) Announces Earnings Results

AMCI Acquisition (NASDAQ:AMCI) issued its quarterly earnings results on Monday. The company reported $0.01 earnings per share for the quarter, RTT News reports.

AMCI Acquisition Stock Performance

AMCI opened at $4.57 on Tuesday. AMCI Acquisition has a 1 year low of $2.50 and a 1 year high of $42.00. The stock’s 50 day simple moving average is $6.45 and its 200-day simple moving average is $8.85.

Institutional Trading of AMCI Acquisition

An institutional investor recently bought a new position in AMCI Acquisition stock. Harraden Circle Investments LLC acquired a new stake in shares of AMCI Acquisition Corp. (NASDAQ:AMCI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 141,019 shares of the company’s stock, valued at approximately $1,115,000. Harraden Circle Investments LLC owned 0.62% of AMCI Acquisition at the end of the most recent quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen cut AMCI Acquisition to a “strong sell” rating in a research note on Saturday, February 14th. Weiss Ratings lowered AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

AMCI Acquisition Company Profile

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.