LanzaTech Global (NASDAQ:LNZA) Downgraded by Janney Montgomery Scott to “Neutral”

LanzaTech Global (NASDAQ:LNZA) was downgraded by investment analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a report released on Thursday, Marketbeat Ratings reports.

LanzaTech Global Trading Up 0.5 %

NASDAQ LNZA opened at $0.59 on Thursday. The company’s 50-day simple moving average is $1.06 and its two-hundred day simple moving average is $1.35. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market capitalization of $116.11 million, a price-to-earnings ratio of -0.90 and a beta of 1.32. LanzaTech Global has a one year low of $0.58 and a one year high of $3.41.

Institutional Investors Weigh In On LanzaTech Global

A number of hedge funds have recently made changes to their positions in LNZA. Intech Investment Management LLC bought a new position in LanzaTech Global in the third quarter worth about $29,000. Price T Rowe Associates Inc. MD boosted its stake in LanzaTech Global by 45.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,253 shares of the company’s stock valued at $72,000 after acquiring an additional 16,325 shares in the last quarter. Barclays PLC grew its holdings in LanzaTech Global by 10.9% in the fourth quarter. Barclays PLC now owns 177,623 shares of the company’s stock worth $244,000 after purchasing an additional 17,397 shares during the last quarter. Wells Fargo & Company MN grew its holdings in LanzaTech Global by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 56,235 shares of the company’s stock worth $77,000 after purchasing an additional 17,804 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of LanzaTech Global by 8.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock worth $435,000 after purchasing an additional 18,391 shares in the last quarter. 17.76% of the stock is currently owned by hedge funds and other institutional investors.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.