Gevo, Inc. (NASDAQ:GEVO) [Trend Analysis] moved down reacts as active mover, shares a loss -5.72% to traded at $0.43 and the percentage gap among open changing to regular change was 0.22%. Gevo, Inc. (GEVO) revealed that it has completed production of the world’s first cellulosic renewable jet fuel that is specified for commercial flights. Gevo successfully adapted its patented technologies to convert cellulosic sugars derived from wood waste into renewable isobutanol, which was then additional converted into Gevo’s Alcohol-to-Jet fuel (ATJ) fuel.
This ATJ meets the ASTM D7566 specification allowing it to be used for commercial flights. The revisions to the ASTM D7566 specification, which occurred earlier this year, comprises ATJ derived from renewable isobutanol, regardless of the carbohydrate feedstock (i.e. cellulosics, corn, sugar cane, molasses, etc.). Gevo produced over 1,000 gallons of the cellulosic ATJ.
Alaska Airlines is predictable to fly the first commercial flight using this cellulosic jet fuel in the next few months. Gevo believes that this would be the first ever commercial flight flown with a cellulosic renewable jet fuel. This follows on the back of the two commercial flights that were flown by Alaska Airlines on Gevo’s ATJ in June of this year.
The firm’s current ratio calculated as 0.80 for the most recent quarter. The firm past twelve months price to sales ratio was 1.33 and price to cash ratio remained 1.74. As far as the returns are concern, the return on equity was recorded as -76.50% and return on investment was -35.20% while its return on asset stayed at -38.70%. The firm has total debt to equity ratio measured as 0.69.
Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.80% to close at $50.30 with the total traded volume of 8.88 Million shares. CEO Verizon Communications Inc. (VZ) Lowell McAdam stated the carrier doesn’t plan to walk away from its acquisition of Yahoo Inc. following a 2014 security breach was revealed, but he did leave the door open to possibly renegotiate the $4.8 billion price tag. Mr. McAdam, speaking at a technology conference in Menlo Park, Calif., on Monday, stated he still sees Yahoo as “a real value asset,” but added: “In fairness we are still… The firm has institutional ownership of 65.30%, while insider ownership included 0.01%. Its price to sales ratio ended at 1.59. VZ attains analyst recommendation of 2.70 with week performance of 0.06%.