Green Plains (NASDAQ:GPRE) Shares Down 4% – Should You Sell?

Green Plains Inc. (NASDAQ:GPRE) shares were down 4% during trading on Tuesday . The company traded as low as $9.03 and last traded at $9.09. Approximately 170,346 shares traded hands during trading, a decline of 86% from the average daily volume of 1,199,644 shares. The stock had previously closed at $9.47.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stephens upgraded Green Plains to a “hold” rating in a research note on Monday, December 2nd. StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Finally, Truist Financial lowered their price target on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Price Performance

The company has a market capitalization of $594.79 million, a price-to-earnings ratio of -24.21 and a beta of 1.46. The stock’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $12.75. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Green Plains

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in shares of Green Plains by 1,122.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock valued at $6,675,000 after buying an additional 646,507 shares during the period. GAMMA Investing LLC raised its position in Green Plains by 1,207.7% in the 4th quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 12,959 shares in the last quarter. Barclays PLC lifted its stake in Green Plains by 71.5% in the third quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after acquiring an additional 59,564 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Green Plains during the 3rd quarter worth $155,000. Finally, State Street Corp lifted its holdings in Green Plains by 2.9% during the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after buying an additional 111,501 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.