LanzaTech Global (NASDAQ:LNZA) Stock Rating Reaffirmed by Roth Mkm

LanzaTech Global (NASDAQ:LNZA)‘s stock had its “buy” rating restated by research analysts at Roth Mkm in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $8.00 price objective on the stock. Roth Mkm’s price target would suggest a potential downside of 3.38% from the stock’s current price.

LanzaTech Global Stock Up 0.7 %

LNZA traded up $0.06 during trading on Tuesday, reaching $8.28. 52,532 shares of the company were exchanged, compared to its average volume of 312,504. LanzaTech Global has a 52 week low of $2.63 and a 52 week high of $10.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.41 and a quick ratio of 6.41. The firm has a 50 day moving average of $6.67 and a 200 day moving average of $4.97.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $12.92 million for the quarter, compared to analyst estimates of $14.50 million. As a group, equities research analysts expect that LanzaTech Global will post -0.56 earnings per share for the current year.

Institutional Investors Weigh In On LanzaTech Global

A number of hedge funds have recently made changes to their positions in LNZA. California State Teachers Retirement System acquired a new stake in LanzaTech Global in the 2nd quarter valued at approximately $47,000. Alliancebernstein L.P. acquired a new position in shares of LanzaTech Global during the second quarter valued at $101,000. Wells Fargo & Company MN acquired a new position in shares of LanzaTech Global during the second quarter valued at $62,000. Royal Bank of Canada lifted its holdings in LanzaTech Global by 10,115.5% in the second quarter. Royal Bank of Canada now owns 44,948 shares of the company’s stock worth $307,000 after purchasing an additional 44,508 shares during the period. Finally, Ergoteles LLC acquired a new stake in LanzaTech Global in the second quarter worth about $165,000. Institutional investors own 20.85% of the company’s stock.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. LanzaTech Global, Inc was founded in 2005 and is headquartered in Skokie, Illinois.