LanzaTech Global (NASDAQ:LNZA – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01, Zacks reports. LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%.
LanzaTech Global Stock Performance
Shares of LNZA opened at $0.24 on Wednesday. The firm has a market cap of $47.50 million, a P/E ratio of -0.37 and a beta of 1.69. LanzaTech Global has a twelve month low of $0.14 and a twelve month high of $3.26. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. The firm’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.84.
Wall Street Analysts Forecast Growth
Separately, Janney Montgomery Scott lowered LanzaTech Global from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.
Institutional Investors Weigh In On LanzaTech Global
A hedge fund recently raised its stake in LanzaTech Global stock. AQR Capital Management LLC raised its position in LanzaTech Global, Inc. (NASDAQ:LNZA – Free Report) by 1,045.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,346 shares of the company’s stock after purchasing an additional 168,247 shares during the quarter. AQR Capital Management LLC owned 0.09% of LanzaTech Global worth $45,000 at the end of the most recent reporting period. 17.76% of the stock is currently owned by institutional investors and hedge funds.
About LanzaTech Global
LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.
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