AMCI Acquisition (NASDAQ:AMCI) Stock Price Down 2.1% – Here’s Why

AMCI Acquisition Corp. (NASDAQ:AMCI – Get Free Report) fell 2.1% during mid-day trading on Monday. The stock traded as low as $1.86 and last traded at $1.91. Approximately 55,372 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 40,871 shares. The stock had previously closed at $1.95.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AMCI Acquisition in a research report on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, AMCI Acquisition has an average rating of “Sell”.

Check Out Our Latest Research Report on AMCI Acquisition

AMCI Acquisition Trading Up 13.0%

The firm has a 50-day moving average of $3.27 and a 200 day moving average of $5.16.

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 (EPS) for the quarter. The business had revenue of $0.94 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMCI Acquisition stock. Themes Management Co LLC purchased a new stake in shares of AMCI Acquisition Corp. (NASDAQ:AMCI – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 39,035 shares of the company’s stock, valued at approximately $213,000. Themes Management Co LLC owned approximately 0.17% of AMCI Acquisition at the end of the most recent quarter. Institutional investors own 46.08% of the company’s stock.

About AMCI Acquisition

(Get Free Report)

AMCI Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the energy, natural resources, industrial, or related sectors. As a SPAC, it did not conduct significant operating activities or offer products and services of its own before completing a transaction.

AMCI Acquisition Corp. completed its business combination with Advent Technologies Holdings, Inc in February 2021. Following the transaction, Advent became a publicly traded company focused on developing fuel-cell and hydrogen technologies, and AMCI Acquisition Corp.

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