Green Plains (NASDAQ:GPRE) Shares Down 4.1% - Time to Sell?

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) shares dropped 4.1% during mid-day trading on Tuesday . The company traded as low as $9.27 and last traded at $9.15. Approximately 25,207 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,287,885 shares. The stock had previously closed at $9.54.

Wall Street Analysts Forecast Growth

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

Green Plains Stock Performance

The stock has a market cap of $575.71 million, a price-to-earnings ratio of -23.46, a P/E/G ratio of 1.42 and a beta of 1.46. 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 fifty day simple moving average of $10.03 and a 200-day simple moving average of $12.28.

Institutional Trading of Green Plains

A number of hedge funds and other institutional investors have recently made changes to their positions in GPRE. Clearbridge Investments LLC raised its stake in Green Plains by 0.7% in the second quarter. Clearbridge Investments LLC now owns 103,690 shares of the specialty chemicals company's stock valued at $1,645,000 after purchasing an additional 739 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Green Plains by 2.3% in the 3rd quarter. New York State Teachers Retirement System now owns 62,254 shares of the specialty chemicals company's stock valued at $843,000 after purchasing an additional 1,400 shares during the period. SG Americas Securities LLC boosted its stake in Green Plains by 4.1% during the fourth quarter. SG Americas Securities LLC now owns 37,479 shares of the specialty chemicals company's stock worth $355,000 after acquiring an additional 1,488 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Green Plains during the second quarter valued at about $41,000. Finally, Van ECK Associates Corp lifted its position in shares of Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 2,717 shares in 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.