StockNews.com Begins Coverage on Vertex Energy (NASDAQ:VTNR)

StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note issued to investors on Wednesday. The firm issued a sell rating on the industrial products company’s stock.

Separately, Craig Hallum downgraded Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.63.

Vertex Energy Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 0.56 and a quick ratio of 0.30. Vertex Energy has a fifty-two week low of $0.05 and a fifty-two week high of $5.04. The business’s 50-day moving average price is $0.31 and its 200-day moving average price is $0.81.

Institutional Trading of Vertex Energy

Institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new position in shares of Vertex Energy in the second quarter worth about $54,000. Price T Rowe Associates Inc. MD increased its position in shares of Vertex Energy by 79.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,976 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 28,700 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Vertex Energy in the 2nd quarter valued at about $66,000. Quadrature Capital Ltd acquired a new position in Vertex Energy in the 1st quarter valued at about $107,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Vertex Energy during the 2nd quarter worth $94,000. 42.99% of the stock is currently owned by institutional investors and hedge funds.

About Vertex Energy

Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.