Aemetis Inc. (AMTX) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Aemetis Inc. (NASDAQ:AMTX) from a hold rating to a sell rating in a report published on Wednesday 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, FBR & Co reissued a hold rating and issued a $1.75 price objective on shares of Aemetis in a research note on Thursday, September 8th.

Aemetis (NASDAQ:AMTX) opened at 1.30 on Wednesday. The company’s market capitalization is $25.82 million. The stock’s 50 day moving average is $1.38 and its 200-day moving average is $2.04. Aemetis has a 12 month low of $1.01 and a 12 month high of $3.05.

Aemetis (NASDAQ:AMTX) last issued its quarterly earnings results on Thursday, August 11th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.01. The firm had revenue of $33.10 million for the quarter, compared to the consensus estimate of $38.10 million. On average, analysts expect that Aemetis will post ($1.04) EPS for the current year.

Aemetis Company Profile

Aemetis, Inc is an international renewable fuels and biochemicals company. The Company is focused on the production of fuels and chemicals through the acquisition, development and commercialization of technologies that replace traditional petroleum-based products by conversion of first-generation ethanol and biodiesel plants into biorefineries.

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