Benson Hill (NASDAQ:BHIL) Shares Gap Up - Here's What Happened

Benson Hill, Inc. (NASDAQ:BHIL - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $6.87, but opened at $7.02. Benson Hill shares last traded at $7.02, with a volume of 372 shares traded.

Benson Hill Price Performance

The business has a fifty day moving average price of $6.59 and a 200 day moving average price of $6.57. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.38 and a quick ratio of 1.86. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -9.87 and a beta of 2.16.

Benson Hill (NASDAQ:BHIL - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($3.27) EPS for the quarter, missing the consensus estimate of ($2.10) by ($1.17). The company had revenue of $33.77 million for the quarter, compared to analyst estimates of $24.30 million. Benson Hill had a negative net margin of 33.88% and a negative return on equity of 124.29%. On average, research analysts expect that Benson Hill, Inc. will post -12.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Benson Hill

A number of institutional investors have recently added to or reduced their stakes in BHIL. Norden Group LLC bought a new stake in shares of Benson Hill in the 1st quarter worth $28,000. Clarius Group LLC bought a new stake in Benson Hill in the second quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Benson Hill in the 2nd quarter valued at about $40,000. Moloney Securities Asset Management LLC boosted its position in shares of Benson Hill by 77.2% during the 1st quarter. Moloney Securities Asset Management LLC now owns 417,550 shares of the company's stock valued at $84,000 after purchasing an additional 181,917 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Benson Hill by 27.9% in the 2nd quarter. Renaissance Technologies LLC now owns 582,001 shares of the company's stock worth $89,000 after purchasing an additional 126,800 shares during the last quarter. 36.21% of the stock is currently owned by institutional investors and hedge funds.

About Benson Hill

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.