Green Plains (NASDAQ:GPRE) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Green Plains, Inc. (NASDAQ:GPRE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.66 and traded as high as $16.51. Green Plains shares last traded at $16.02, with a volume of 1,216,610 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a research report on Friday, July 17th. Zacks Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. BMO Capital Markets restated a “market perform” rating on shares of Green Plains in a research report on Friday, August 7th. Wall Street Zen raised Green Plains from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Stephens boosted their price target on Green Plains from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Green Plains presently has an average rating of “Hold” and an average target price of $15.43.

Green Plains Trading Up 1.4%

The business’s 50 day moving average price is $16.03 and its two-hundred day moving average price is $15.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.99. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.22 and a beta of 1.17.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.29. The business had revenue of $446.22 million for the quarter, compared to analyst estimates of $542.38 million. Green Plains had a net margin of 6.78% and a return on equity of 14.52%. During the same quarter last year, the business earned ($1.09) earnings per share. Equities analysts forecast that Green Plains, Inc. will post 2.04 earnings per share for the current fiscal year.

Institutional Trading of Green Plains

Institutional investors have recently modified their holdings of the company. Nykredit A S bought a new stake in Green Plains in the second quarter worth about $27,000. Quarry LP bought a new position in shares of Green Plains during the 3rd quarter valued at about $67,000. Marex Group plc acquired a new position in shares of Green Plains in the 4th quarter worth approximately $98,000. Virtus Advisers LLC acquired a new position in shares of Green Plains in the 4th quarter worth approximately $98,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Green Plains in the 2nd quarter worth approximately $61,000.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.