LanzaTech Global (NASDAQ:LNZA) Shares Gap Down to $4.04

Posted by Defense World Staff on Jun 9th, 2023

LanzaTech Global, Inc. (NASDAQ:LNZA – Get Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $4.04, but opened at $3.70. LanzaTech Global shares last traded at $3.95, with a volume of 13,180 shares trading hands.

Wall Street Analyst Weigh In

Separately, Roth Mkm initiated coverage on shares of LanzaTech Global in a research note on Friday, May 12th. They issued a “buy” rating and a $8.00 price objective for the company.

LanzaTech Global Stock Down 4.1 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.06 and a current ratio of 7.06. The company’s 50 day moving average price is $3.39.

Hedge Funds Weigh In On LanzaTech Global

Several hedge funds have recently added to or reduced their stakes in LNZA. CTC Capital Management LLC purchased a new position in LanzaTech Global during the 1st quarter valued at about $53,000. Hemington Wealth Management purchased a new position in LanzaTech Global during the 1st quarter valued at about $443,000. Highbridge Capital Management LLC purchased a new position in LanzaTech Global during the 1st quarter valued at about $192,000. Atalaya Capital Management LP purchased a new position in LanzaTech Global during the 1st quarter valued at about $11,355,000. Finally, ExodusPoint Capital Management LP purchased a new position in LanzaTech Global during the 1st quarter valued at about $111,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

About LanzaTech Global

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LanzaTech Global Inc converts waste carbon into materials such as sustainable fuels, fabrics, packaging and other products which people use in their daily lives. LanzaTech Global Inc, formerly known AMCI Acquisition Corp. II, is based in CHICAGO.