Shares of Green Plains Inc. (NASDAQ:GPRE - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.96 and last traded at $9.03, with a volume of 20611 shares trading hands. The stock had previously closed at $9.13.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Truist Financial dropped their target price on Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. StockNews.com upgraded shares of Green Plains from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Stephens upgraded shares of Green Plains to a "hold" rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Green Plains currently has an average rating of "Moderate Buy" and a consensus target price of $25.50.
Read Our Latest Stock Report on Green Plains
Green Plains Price Performance
The business has a fifty day moving average of $11.09 and a 200-day moving average of $13.41. The firm has a market cap of $595.44 million, a PE ratio of -24.24 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Green Plains by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company's stock valued at $15,581,000 after buying an additional 159,147 shares during the last quarter. Paloma Partners Management Co bought a new position in Green Plains during the 3rd quarter valued at approximately $840,000. Thomist Capital Management LP purchased a new position in shares of Green Plains during the second quarter valued at approximately $1,011,000. Point72 Asset Management L.P. boosted its holdings in Green Plains by 29.5% in the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company's stock valued at $7,530,000 after acquiring an additional 126,795 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in Green Plains by 278.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company's stock valued at $2,228,000 after purchasing an additional 103,400 shares during the period.
About Green Plains
(
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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.
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