Green Plains (NASDAQ:GPRE) Hits New 1-Year Low - Here's Why

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $10.71 and last traded at $10.75, with a volume of 180242 shares changing hands. The stock had previously closed at $11.12.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Oppenheimer lowered Green Plains from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 7th. UBS Group decreased their target price on shares of Green Plains from $26.00 to $23.50 and set a "buy" rating on the stock in a research note on Monday, August 19th. StockNews.com upgraded shares of Green Plains from a "sell" rating to a "hold" rating in a report on Tuesday. Truist Financial lowered their target price on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Finally, BMO Capital Markets lowered their price objective on Green Plains from $22.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Green Plains currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

Green Plains Price Performance

The firm has a 50-day moving average of $12.36 and a 200 day moving average of $14.98. The company has a market capitalization of $705.34 million, a PE ratio of -28.71 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GPRE. Wolf Hill Capital Management LP boosted its position in Green Plains by 3,036.9% in the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company's stock worth $40,545,000 after purchasing an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company's stock worth $107,771,000 after purchasing an additional 447,825 shares during the period. Kailix Advisors LLC boosted its holdings in shares of Green Plains by 39.8% in the second quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company's stock worth $22,406,000 after buying an additional 382,517 shares during the last quarter. Lumbard & Kellner LLC bought a new stake in Green Plains during the second quarter valued at approximately $4,685,000. Finally, American Century Companies Inc. increased its holdings in Green Plains by 287.6% during the second quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company's stock valued at $5,275,000 after buying an additional 246,773 shares during the last quarter.

Green Plains Company Profile

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.