Zacks Investment Research downgraded shares of Aemetis (NASDAQ:AMTX) from a buy rating to a hold rating in a research note published on Monday 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 set a $2.00 price objective on Aemetis and gave the company a hold rating in a report on Monday, August 13th.
Aemetis (NASDAQ:AMTX) last issued its quarterly earnings data on Thursday, August 9th. The specialty chemicals company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.07. The company had revenue of $45.03 million for the quarter, compared to the consensus estimate of $42.51 million. Research analysts forecast that Aemetis will post -1.4 EPS for the current fiscal year.
Aemetis Company Profile
Aemetis, Inc operates as a renewable fuels and bio-chemicals company in North America and India. The company focuses on the acquisition, development, and commercialization of various technologies that replace traditional petroleum-based products by the conversion of ethanol and biodiesel plants into advanced bio refineries.
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