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

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GPRE shares. Truist Financial reduced their price objective 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. Stephens raised Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Green Plains currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Stock Up 2.9 %

The firm has a market capitalization of $614.82 million, a P/E ratio of -25.03, a P/E/G ratio of 1.27 and a beta of 1.46. 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 company has a 50 day simple moving average of $10.18 and a two-hundred day simple moving average of $12.51.

Hedge Funds Weigh In On Green Plains

Several institutional investors have recently bought and sold shares of GPRE. Barclays PLC boosted its holdings in shares of Green Plains by 71.5% during the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after purchasing an additional 59,564 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Green Plains by 16.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,150,738 shares of the specialty chemicals company’s stock worth $15,581,000 after buying an additional 159,147 shares in the last quarter. Paloma Partners Management Co bought a new position in Green Plains during the third quarter valued at approximately $840,000. Point72 Asset Management L.P. grew its holdings in Green Plains by 29.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after buying an additional 126,795 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Green Plains by 1,122.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,125 shares of the specialty chemicals company’s stock worth $6,675,000 after acquiring an additional 646,507 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.