Green Plains (NASDAQ:GPRE) Trading Down 5.8% – Should You Sell?

Green Plains Inc. (NASDAQ:GPRE)’s stock price traded down 5.8% during mid-day trading on Tuesday . The stock traded as low as $10.68 and last traded at $10.70. 140,471 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,107,603 shares. The stock had previously closed at $11.36.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group dropped their price objective on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. Stephens raised Green Plains to a “hold” rating in a research report on Monday. Truist Financial decreased their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Craig Hallum decreased their target price on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Down 1.8 %

The company has a market capitalization of $675.59 million, a P/E ratio of -27.50 and a beta of 1.44. 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 50 day moving average price of $11.84 and a 200 day moving average price of $14.13.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Green Plains during the 2nd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Green Plains during the 2nd quarter worth $41,000. Quest Partners LLC bought a new position in Green Plains during the 3rd quarter worth $52,000. nVerses Capital LLC bought a new position in Green Plains during the 3rd quarter worth $65,000. Finally, DRW Securities LLC bought a new position in Green Plains during the 2nd quarter worth $168,000.

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.