Green Plains (NASDAQ:GPRE) Reaches New 52-Week Low - Here's What Happened

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.48 and last traded at $8.63, with a volume of 1220676 shares traded. The stock had previously closed at $8.93.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GPRE shares. Stephens upgraded Green Plains to a "hold" rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of Green Plains from a "sell" rating to a "hold" rating in a report on Friday, December 6th. Finally, Truist Financial dropped their price target on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Green Plains currently has a consensus rating of "Moderate Buy" and an average price target of $24.44.

Green Plains Stock Down 20.4 %

The company's fifty day simple moving average is $9.75 and its 200 day simple moving average is $11.98. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $426.69 million, a P/E ratio of -17.37, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same quarter in the prior year, the company earned $0.13 earnings per share. Research analysts expect that Green Plains Inc. will post -0.97 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GPRE. State Street Corp raised its holdings in Green Plains by 2.9% in the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company's stock worth $52,945,000 after purchasing an additional 111,501 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Green Plains by 21.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company's stock worth $13,286,000 after buying an additional 250,738 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company's stock worth $6,675,000 after buying an additional 646,507 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Green Plains by 29.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company's stock worth $7,530,000 after acquiring an additional 126,795 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Green Plains by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company's stock valued at $2,971,000 after acquiring an additional 8,750 shares during the period.

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.