Green Plains (NASDAQ:GPRE) Sets New 12-Month Low – Should You Sell?

Green Plains Inc. (NASDAQ:GPRE)’s share price 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 equities research analysts have recently issued reports on GPRE shares. Stephens raised shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Truist Financial dropped their price objective 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 equities research 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 stock has a consensus rating of “Moderate Buy” and an average price target of $24.44.

Green Plains Stock Down 3.4 %

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 stock has a market capitalization of $557.93 million, a P/E ratio of -22.71, a P/E/G ratio of 1.41 and a beta of 1.44. The stock’s 50 day simple moving average is $9.94 and its 200 day simple moving average is $12.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake 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 valued at $52,945,000 after acquiring an additional 111,501 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Green Plains by 16.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock valued at $15,581,000 after acquiring an additional 159,147 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in 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 acquiring an additional 646,507 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Green Plains by 29.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after acquiring an additional 126,795 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake 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 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.