Vertex Energy Inc (VTNR) started the trading day on a down note, making it one of the worst performing stocks in the industrial goods sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 22. Shares of VTNR have fallen 3.39% about 30 minutes into the session to $1.14 after closing the day prior at $1.18. It’s early, but the stock has traded as high as $1.14 and as low as $1.14 so far. Today’s quick decline has come with about 100 shares changing hands, compared to an average 30-day volume of 41,290 for Vertex Energy Inc. The price is currently below the 30-day volume weighted average price of $1.14 for VTNR.
The share depreciation gives the company a market capitalization of $36.59 million based upon 31.01 million shares outstanding. It also means that VTNR has a price-to-book ratio of 0.93:1.
In the past 52 weeks, shares of VTNR have traded as low as $0.63 and as high as $2.7998. Technical traders will take note that at $1.14, shares of VTNR are trading below their 200-day MA at $1.4 and below their 50-day MA at $1.27. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is VTNR?
Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company's operating business segments are Black Oil, Refining and Marketing, and Recovery. The company’s 205 employees are led by CEO Benjamin P. Cowart from the corporate headquarters at 1331 Gemini Street in Houston, TX.
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