Vertex Energy (NASDAQ:VTNR) Stock Price Passes Above 200 Day Moving Average of $0.00

Shares of Vertex Energy Inc (NASDAQ:VTNR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $1.47. Vertex Energy shares last traded at $1.42, with a volume of 8,142 shares traded.

Separately, ValuEngine downgraded shares of Vertex Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 1st.

The company has a market capitalization of $62.02 million, a P/E ratio of -6.52 and a beta of 1.57. The company has a current ratio of 0.60, a quick ratio of 0.45 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average of $1.40.

Vertex Energy (NASDAQ:VTNR) last issued its earnings results on Wednesday, May 8th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Vertex Energy had a positive return on equity of 0.76% and a negative net margin of 2.76%. The company had revenue of $39.32 million for the quarter, compared to analysts’ expectations of $44.30 million. Sell-side analysts predict that Vertex Energy Inc will post -0.17 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Vertex Energy by 271.0% in the 4th quarter. Bank of New York Mellon Corp now owns 46,360 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 33,864 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Vertex Energy by 1,068.6% in the 4th quarter. Acadian Asset Management LLC now owns 90,160 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 82,445 shares in the last quarter. Redmond Asset Management LLC lifted its holdings in shares of Vertex Energy by 1.8% in the 1st quarter. Redmond Asset Management LLC now owns 361,599 shares of the industrial products company’s stock worth $586,000 after purchasing an additional 6,325 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Vertex Energy by 65.7% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 875,942 shares of the industrial products company’s stock worth $893,000 after purchasing an additional 347,407 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Vertex Energy by 45.5% during the 3rd quarter. Vanguard Group Inc. now owns 823,620 shares of the industrial products company’s stock valued at $1,409,000 after acquiring an additional 257,533 shares in the last quarter. Institutional investors own 17.90% of the company’s stock.

Vertex Energy Company Profile (NASDAQ:VTNR)

Vertex Energy, Inc engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery.

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