Green Plains (NASDAQ:GPRE) Stock Price Down 4.9% – Time to Sell?

Shares of Green Plains Inc. (NASDAQ:GPRE) were down 4.9% on Tuesday . The stock traded as low as $9.72 and last traded at $9.76. Approximately 252,122 shares changed hands during trading, a decline of 81% from the average daily volume of 1,360,721 shares. The stock had previously closed at $10.26.

Analyst Ratings Changes

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

Green Plains Price Performance

The firm has a market capitalization of $637.90 million, a PE ratio of -25.99, a P/E/G ratio of 1.31 and a beta of 1.46. The company has a fifty day moving average price of $10.24 and a two-hundred day moving average price of $12.56. The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46.

Hedge Funds Weigh In On Green Plains

A number of large investors have recently modified their holdings of the business. 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 during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Green Plains by 278.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company’s stock worth $2,228,000 after buying an additional 103,400 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of Green Plains by 53.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,214 shares of the specialty chemicals company’s stock worth $558,000 after buying an additional 12,300 shares in the last quarter. DRW Securities LLC acquired a new stake in Green Plains in the 2nd quarter valued at about $168,000. Finally, Public Sector Pension Investment Board increased its holdings in Green Plains by 8.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 142,217 shares of the specialty chemicals company’s stock valued at $2,256,000 after acquiring an additional 10,491 shares in 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.