Green Plains (NASDAQ:GPRE) Shares Down 5.8% – Time to Sell?

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

Analysts Set New Price Targets

A number of research firms recently weighed in on GPRE. Oppenheimer lowered shares of Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets decreased their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial cut their target price 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. Craig Hallum decreased their price target 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. Finally, UBS Group cut their price objective on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.50.

Green Plains Price Performance

The stock’s 50 day simple moving average is $11.94 and its 200 day simple moving average is $14.21. The company has a quick ratio of 1.16, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kailix Advisors LLC lifted 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 last quarter. Lumbard & Kellner LLC purchased a new stake in Green Plains during the second quarter valued at about $4,685,000. American Century Companies Inc. grew its position in Green Plains by 287.6% during the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock worth $5,275,000 after acquiring an additional 246,773 shares during the last quarter. Wolf Hill Capital Management LP increased its stake in Green Plains by 13.7% in the 2nd quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock worth $31,633,000 after purchasing an additional 240,849 shares during the period. Finally, Clifford Capital Partners LLC increased its stake in Green Plains by 53.7% in 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 period.

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.