AleAnna (NASDAQ:ANNA) Announces Earnings Results

AleAnna (NASDAQ:ANNA) announced its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $20.51 million during the quarter. AleAnna had a return on equity of 12.95% and a net margin of 19.76%.

AleAnna Price Performance

Shares of ANNA traded down $0.14 during midday trading on Friday, reaching $2.15. 31,835 shares of the stock were exchanged, compared to its average volume of 1,434,954. AleAnna has a twelve month low of $1.85 and a twelve month high of $10.64. The company has a market capitalization of $143.10 million, a price-to-earnings ratio of 11.34 and a beta of -1.58. The business’s 50-day moving average price is $2.66 and its 200 day moving average price is $3.33.

Institutional Trading of AleAnna

A number of large investors have recently made changes to their positions in the company. Carlson Capital L.P. purchased a new stake in AleAnna in the third quarter valued at approximately $66,000. Royal Bank of Canada purchased a new position in shares of AleAnna during the first quarter worth approximately $242,000. HighTower Advisors LLC purchased a new position in AleAnna during the 3rd quarter worth $92,000. Finally, Engineers Gate Manager LP acquired a new position in AleAnna in the 2nd quarter valued at about $113,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings lowered AleAnna from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, AleAnna has a consensus rating of “Sell”.

About AleAnna

AleAnna is an energy company focused on exploring for, developing and producing natural gas in Italy. Its activities are aimed at bringing domestic gas resources into production. The company’s portfolio includes natural gas exploration and production opportunities in the Po Valley and the Adriatic region. Its work includes evaluating prospects and advancing projects through the development process. AleAnna’s business is centered on Italy’s natural gas sector, serving the market through the development of local supply.