Green Plains (NASDAQ:GPRE) Stock Price Down 4.1% – Time to Sell?

Green Plains Inc. (NASDAQ:GPRE)’s stock price was down 4.1% on Tuesday . The stock traded as low as $9.27 and last traded at $9.15. Approximately 25,207 shares traded hands during trading, a decline of 98% from the average daily volume of 1,287,885 shares. The stock had previously closed at $9.54.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GPRE shares. Truist Financial decreased 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. Stephens upgraded shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Stock Performance

The stock has a market capitalization of $582.43 million, a PE ratio of -23.78, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $10.12 and a 200-day moving average of $12.41.

Hedge Funds Weigh In On Green Plains

A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Green Plains during the second quarter worth approximately $41,000. Quest Partners LLC purchased a new position in Green Plains during the 3rd quarter worth $52,000. nVerses Capital LLC purchased a new position in Green Plains during the 3rd quarter worth $65,000. KBC Group NV increased its stake in Green Plains by 120.7% in the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 3,320 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Green Plains in the third quarter valued at about $153,000.

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.