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

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

LanzaTech Global Stock Up 8.5 %

LanzaTech Global stock opened at $0.54 on Thursday. The stock has a market capitalization of $106.95 million, a price-to-earnings ratio of -0.83 and a beta of 1.32. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91. The business has a fifty day moving average price of $1.01 and a 200-day moving average price of $1.33. LanzaTech Global has a 1-year low of $0.48 and a 1-year high of $3.41.

Institutional Investors Weigh In On LanzaTech Global

Large investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in LanzaTech Global by 47.1% in the fourth quarter. Invesco Ltd. now owns 4,264,525 shares of the company’s stock worth $5,842,000 after acquiring an additional 1,365,668 shares during the period. Geode Capital Management LLC raised its stake in shares of LanzaTech Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,259,215 shares of the company’s stock valued at $3,096,000 after acquiring an additional 21,912 shares in the last quarter. State Street Corp raised its stake in LanzaTech Global by 6.3% in the third quarter. State Street Corp now owns 1,610,965 shares of the company’s stock valued at $3,077,000 after buying an additional 95,725 shares in the last quarter. Northern Trust Corp raised its stake in LanzaTech Global by 3.7% in the fourth quarter. Northern Trust Corp now owns 862,507 shares of the company’s stock valued at $1,182,000 after buying an additional 30,845 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in LanzaTech Global by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock valued at $1,445,000 after buying an additional 25,629 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.