Green Plains (NASDAQ:GPRE) Hits New 1-Year Low – Time to Sell?

Green Plains Inc. (NASDAQ:GPREGet Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $8.65 and last traded at $8.94, with a volume of 96328 shares traded. The stock had previously closed at $8.93.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GPRE. StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Stephens upgraded Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.44.

View Our Latest Analysis on Green Plains

Green Plains Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The stock has a 50-day moving average of $10.03 and a 200 day moving average of $12.28.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GPRE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Green Plains during the second quarter worth about $41,000. Van ECK Associates Corp raised its holdings 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 acquiring an additional 2,717 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Green Plains in the third quarter worth approximately $52,000. nVerses Capital LLC purchased a new stake in shares of Green Plains during the third quarter worth $65,000. Finally, KBC Group NV boosted its position in Green Plains by 120.7% during the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 3,320 shares during the last quarter.

About Green Plains

(Get Free Report)

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.

Further Reading

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