Shares of Vertex Energy, Inc (NASDAQ:VTNR) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $0.73 and last traded at $0.72, with a volume of 229,431 shares traded. The stock had previously closed at $0.80.

VTNR has been the subject of several research reports. Zacks Investment Research lowered Vertex Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. ValuEngine lowered Vertex Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Roth Capital set a $1.00 target price on Vertex Energy and gave the stock a “hold” rating in a research note on Wednesday, August 23rd.

The stock’s market capitalization is $22.86 million. The stock has a 50 day moving average of $0.96 and a 200 day moving average of $1.05.

Vertex Energy (NASDAQ:VTNR) last released its earnings results on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.04. The company had revenue of $36.91 million for the quarter, compared to the consensus estimate of $32 million. Vertex Energy had a negative net margin of 6.49% and a negative return on equity of 23.10%. On average, equities research analysts expect that Vertex Energy, Inc will post ($0.33) EPS for the current year.

A hedge fund recently raised its stake in Vertex Energy stock. Prescott Group Capital Management L.L.C. boosted its holdings in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 21.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,582 shares of the industrial products company’s stock after acquiring an additional 30,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned 0.52% of Vertex Energy worth $179,000 as of its most recent SEC filing. Institutional investors own 16.80% of the company’s stock.

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About Vertex Energy

Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.

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