AMCI Acquisition (NASDAQ:AMCI) Issues Quarterly Earnings Results

AMCI Acquisition (NASDAQ:AMCI) released its quarterly earnings results on Monday. The company reported $0.01 EPS for the quarter, RTT News reports.

AMCI Acquisition Stock Down 3.1%

NASDAQ AMCI opened at $4.43 on Wednesday. AMCI Acquisition has a 12-month low of $2.50 and a 12-month high of $42.00. The firm’s fifty day simple moving average is $6.42 and its two-hundred day simple moving average is $8.71.

Analyst Ratings Changes

AMCI has been the subject of a number of research analyst reports. Weiss Ratings lowered AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Wall Street Zen downgraded shares of AMCI Acquisition to a “strong sell” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On AMCI Acquisition

An institutional investor recently bought a new position in AMCI Acquisition stock. DLD Asset Management LP purchased a new stake in AMCI Acquisition Corp. (NASDAQ:AMCI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,679 shares of the company’s stock, valued at approximately $84,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

AMCI Acquisition Company Profile

AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.