Aemetis (AMTX) Downgraded by Zacks Investment Research to “Sell”
Zacks Investment Research downgraded shares of Aemetis (NASDAQ:AMTX) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Aemetis, Inc. is an advanced fuels and renewable chemicals company. It produces renewable chemicals and fuels using patented microbes and processes. Aemetis owns and operates an ethanol animal feed plant in California to produce D5 Advanced Biofuels using the sorghum/biogas/CHP pathway. The Company also built, owns, and operates a renewable chemicals and advanced fuels production facility on the East Coast of India producing high quality, distilled biodiesel and refined glycerin for customers in Europe and Asia. Aemetis, Inc. is headquartered in Cupertino, California. “
Separately, B. Riley restated a hold rating and set a $2.00 price target on shares of Aemetis in a research note on Monday, November 13th.
A hedge fund recently bought a new stake in Aemetis stock. Atlantic Trust Group LLC purchased a new stake in shares of Aemetis Inc (NASDAQ:AMTX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,468,507 shares of the specialty chemicals company’s stock, valued at approximately $1,278,000. Atlantic Trust Group LLC owned approximately 7.41% of Aemetis at the end of the most recent quarter. Hedge funds and other institutional investors own 17.73% of the company’s stock.
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Aemetis, Inc is an international renewable fuels and biochemicals company. The Company is focused on the production of fuels and chemicals through the acquisition, development and commercialization of technologies that replace traditional petroleum-based products by conversion of first-generation ethanol and biodiesel plants into biorefineries.
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