Green Plains (NASDAQ:GPRE) Hits New 12-Month Low - Time to Sell?

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $10.11 and last traded at $10.26, with a volume of 250036 shares trading hands. The stock had previously closed at $10.30.

Wall Street Analyst Weigh In

GPRE has been the topic of a number of analyst reports. Stephens raised shares of Green Plains to a "hold" rating in a report on Monday, December 2nd. Truist Financial decreased their price objective on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. StockNews.com upgraded Green Plains from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Finally, UBS Group decreased their price target on Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $25.50.

Green Plains Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The stock has a market capitalization of $703.40 million, a P/E ratio of -28.79 and a beta of 1.44. The company has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $13.67.

Institutional Trading of Green Plains

Several hedge funds and other institutional investors have recently modified their holdings of GPRE. Louisiana State Employees Retirement System grew its position in shares of Green Plains by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company's stock valued at $515,000 after purchasing an additional 700 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Green Plains by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 517,415 shares of the specialty chemicals company's stock valued at $8,206,000 after buying an additional 32,666 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Green Plains by 31.3% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 63,297 shares of the specialty chemicals company's stock valued at $1,004,000 after buying an additional 15,095 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Green Plains by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,917 shares of the specialty chemicals company's stock worth $221,000 after buying an additional 1,456 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Green Plains in the second quarter valued at approximately $615,000.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.