AMCI Acquisition Corp. (NASDAQ:AMCI – Get Free Report)’s stock price was down 1.3% during mid-day trading on Monday. The stock traded as low as $2.93 and last traded at $2.97. Approximately 33,348 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 129,591 shares. The stock had previously closed at $3.01.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AMCI Acquisition in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on AMCI Acquisition
AMCI Acquisition Price Performance
AMCI Acquisition (NASDAQ:AMCI – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $0.94 million for the quarter.
Institutional Trading of AMCI Acquisition
A hedge fund recently bought a new stake in AMCI Acquisition stock. Themes Management Co LLC purchased a new position in AMCI Acquisition Corp. (NASDAQ:AMCI – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,035 shares of the company’s stock, valued at approximately $213,000. Themes Management Co LLC owned 0.17% of AMCI Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 46.08% of the company’s stock.
AMCI Acquisition Company Profile
AMCI Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than conducting ongoing commercial operations of its own, the company raised capital through an initial public offering and evaluated potential merger and acquisition opportunities.
AMCI focused its search on businesses in the metals, mining, materials, energy and related natural-resource sectors. In 2021, it completed a business combination with Advent Technologies, a developer of fuel-cell and hydrogen technologies.
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