Alto Ingredients (NASDAQ:ALTO) Releases Earnings Results, Misses Estimates By $0.13 EPS

Alto Ingredients (NASDAQ:ALTO) released its quarterly earnings results on Wednesday. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.13), Zacks reports. Alto Ingredients had a negative net margin of 3.61% and a negative return on equity of 11.22%.

Alto Ingredients Stock Performance

Shares of ALTO traded up $0.03 during mid-day trading on Wednesday, hitting $1.47. 689,330 shares of the company’s stock were exchanged, compared to its average volume of 655,292. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32. Alto Ingredients has a fifty-two week low of $1.18 and a fifty-two week high of $2.40. The business’s 50 day moving average is $1.65 and its two-hundred day moving average is $1.58. The firm has a market capitalization of $112.67 million, a P/E ratio of -2.83 and a beta of 1.86.

About Alto Ingredients

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.