Site icon Market Globalist

Alto Ingredients Inc. (ALTO) stock fall during pre-market trading. Here’s what you should know?

Alto Ingredients Inc. (NASDAQ: ALTO) stock gained by 5.99% at last close whereas the ALTO stock-price plunge by 9.89% in the pre-market trading session. Alto Ingredients formerly known as Pacific Ethanol is a major manufacturer of specialized alcohols and key ingredients. Health, Home & Beauty, Food & Beverage, Essential Ingredients, and Renewable Fuels are the four main markets for the firm.

>> 7 Top Picks for the Post-Pandemic Economy << 

ALTO stock, Financial Highlights

Alto Ingredients announced its second quarter 2021 financial results. Given below is the summary:

Mike Kandris, CEO of Alto Ingredients commented,

They have refocused their activities on the most lucrative and strategic operations, improved their balance sheet, and plan to repay the outstanding term debt in 2021 as a result of their efforts. As a result, they’re now looking for ways to grow financially through improved service offerings and products, infrastructure investments, and accretive vertical integration. They also have a stable, profitable platform for long-term growth, producing value for its shareholders, partners, and workers while their transition is continuing.

Exit mobile version