AMCI Acquisition Corp. (NASDAQ:AMCI – Get Free Report) traded up 2.5% during mid-day trading on Monday . The company traded as high as $4.73 and last traded at $4.55. 12,144 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 63,300 shares. The stock had previously closed at $4.44.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of AMCI Acquisition from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut shares of AMCI Acquisition from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, AMCI Acquisition has a consensus rating of “Sell”.
Read Our Latest Report on AMCI
AMCI Acquisition Price Performance
AMCI Acquisition (NASDAQ:AMCI – Get Free Report) last issued its quarterly earnings data on Monday, April 20th. The company reported ($1.64) earnings per share for the quarter. The firm had revenue of $1.29 million for the quarter.
Institutional Trading of AMCI Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of the company. Harraden Circle Investments LLC acquired a new stake in shares of AMCI Acquisition in the fourth quarter worth $1,115,000. Themes Management Co LLC acquired a new stake in shares of AMCI Acquisition in the first quarter worth $213,000. Finally, DLD Asset Management LP acquired a new stake in shares of AMCI Acquisition in the fourth quarter worth $84,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.
About AMCI Acquisition
AMCI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses operating in the natural resource infrastructure, value chain, and logistics-related sectors. The company was founded in 2018 and is based in Latrobe, Pennsylvania.
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