Vertex Energy (NASDAQ:VTNR) Stock Price Passes Below Two Hundred Day Moving Average of $1.71

Shares of Vertex Energy, Inc. (NASDAQ:VTNR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.71 and traded as low as $1.00. Vertex Energy shares last traded at $1.01, with a volume of 1,323,547 shares changing hands.

Analyst Ratings Changes

VTNR has been the subject of a number of research reports. HC Wainwright decreased their price objective on shares of Vertex Energy from $8.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, February 29th. StockNews.com raised shares of Vertex Energy to a “sell” rating in a research report on Friday, May 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $4.00 target price on shares of Vertex Energy in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.88.

Vertex Energy Trading Down 4.7 %

The company has a quick ratio of 0.43, a current ratio of 1.02 and a debt-to-equity ratio of 1.33. The business has a 50 day simple moving average of $1.17 and a 200-day simple moving average of $1.71.

Vertex Energy (NASDAQ:VTNR) last posted its earnings results on Thursday, May 9th. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.06. Vertex Energy had a negative net margin of 4.50% and a negative return on equity of 45.99%. The firm had revenue of $695.33 million during the quarter, compared to analyst estimates of $672.52 million. During the same period in the previous year, the business posted ($0.58) EPS. As a group, analysts predict that Vertex Energy, Inc. will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Vertex Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Vertex Energy during the 1st quarter worth $27,000. Willis Johnson & Associates Inc. acquired a new stake in Vertex Energy in the first quarter worth about $28,000. Mackenzie Financial Corp bought a new position in Vertex Energy in the 4th quarter valued at about $38,000. Victory Capital Management Inc. bought a new position in Vertex Energy in the 4th quarter valued at about $38,000. Finally, RPO LLC acquired a new position in Vertex Energy during the 4th quarter valued at about $75,000. 42.99% of the stock is owned by institutional investors.

Vertex Energy Company Profile

Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.