LanzaTech Global (NASDAQ:LNZA) Releases Earnings Results

LanzaTech Global (NASDAQ:LNZA) released its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%.

LanzaTech Global Price Performance

NASDAQ:LNZA traded up $0.02 during trading hours on Tuesday, hitting $0.26. The company’s stock had a trading volume of 971,295 shares, compared to its average volume of 1,142,551. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91. LanzaTech Global has a twelve month low of $0.14 and a twelve month high of $3.26. The company has a market capitalization of $52.01 million, a P/E ratio of -0.40 and a beta of 1.70. The stock has a fifty day simple moving average of $0.54 and a 200-day simple moving average of $1.14.

Analyst Ratings Changes

Separately, Janney Montgomery Scott cut shares of LanzaTech Global from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

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.