Green Plains (NASDAQ:GPRE) Sets New 1-Year Low – Here’s Why

Green Plains Inc. (NASDAQ:GPRE) hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.96 and last traded at $9.03, with a volume of 20611 shares. The stock had previously closed at $9.13.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. 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 shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, Truist Financial cut their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Four investment 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 currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Performance

The business’s 50-day moving average price is $11.09 and its 200-day moving average price is $13.41. 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 cap of $585.74 million, a PE ratio of -23.84 and a beta of 1.44.

Hedge Funds Weigh In On Green Plains

Several hedge funds and other institutional investors have recently modified their holdings of GPRE. Kailix Advisors LLC increased its stake in Green Plains by 39.8% during the second quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock worth $22,406,000 after purchasing an additional 382,517 shares during the period. Lumbard & Kellner LLC purchased a new position in shares of Green Plains during the second quarter worth about $4,685,000. American Century Companies Inc. raised its holdings in Green Plains by 287.6% during the second quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock worth $5,275,000 after purchasing an additional 246,773 shares in the last quarter. Wolf Hill Capital Management LP grew its holdings in Green Plains by 13.7% in the second quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after purchasing an additional 240,849 shares during the last quarter. Finally, Clifford Capital Partners LLC boosted its stake in shares of Green Plains by 53.7% during the 2nd quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock worth $8,105,000 after purchasing an additional 178,484 shares during the last quarter.

About Green Plains

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.