AMCI Acquisition (NASDAQ:AMCI) Shares Down 1.3% – Time to Sell?

AMCI Acquisition Corp. (NASDAQ:AMCI – Get Free Report)’s share price was down 1.3% on Monday. The stock traded as low as $2.93 and last traded at $2.97. 33,348 shares changed hands during trading, a decline of 74% from the average session volume of 129,591 shares. The stock had previously closed at $3.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of AMCI Acquisition in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Get Our Latest Stock Analysis on AMCI Acquisition

AMCI Acquisition Trading Down 1.3%

The company’s fifty day simple moving average is $4.05 and its two-hundred day simple moving average is $4.99.

AMCI Acquisition (NASDAQ:AMCI – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $0.94 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AMCI Acquisition stock. Themes Management Co LLC purchased a new stake in AMCI Acquisition Corp. (NASDAQ:AMCI – Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 39,035 shares of the company’s stock, valued at approximately $213,000. Themes Management Co LLC owned about 0.17% of AMCI Acquisition at the end of the most recent quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

AMCI Acquisition Company Profile

(Get Free Report)

AMCI Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than conducting ongoing commercial operations of its own, the company raised capital through an initial public offering and evaluated potential merger and acquisition opportunities.

AMCI focused its search on businesses in the metals, mining, materials, energy and related natural-resource sectors. In 2021, it completed a business combination with Advent Technologies, a developer of fuel-cell and hydrogen technologies.

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