Green Plains (NASDAQ:GPRE) Reaches New 52-Week Low – Should You Sell?

Shares of Green Plains Inc. (NASDAQ:GPRE) hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.96 and last traded at $9.03, with a volume of 20611 shares traded. The stock had previously closed at $9.13.

Analysts Set New Price Targets

GPRE has been the topic of a number of research reports. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Stephens raised Green Plains to a “hold” rating in a report on Monday, December 2nd. Finally, Truist Financial lowered their price target on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Trading Down 0.8 %

The business has a 50 day moving average price of $11.09 and a 200 day moving average price of $13.41. 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 market capitalization of $585.74 million, a P/E ratio of -23.84 and a beta of 1.44.

Institutional Trading of Green Plains

Institutional investors have recently bought and sold shares of the company. Kailix Advisors LLC lifted its stake in shares of Green Plains by 39.8% in the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after purchasing an additional 382,517 shares during the period. Lumbard & Kellner LLC bought a new position in shares of Green Plains during the 2nd quarter worth approximately $4,685,000. American Century Companies Inc. increased its stake in shares of Green Plains by 287.6% in the 2nd quarter. American Century Companies Inc. now owns 332,586 shares of the specialty chemicals company’s stock valued at $5,275,000 after acquiring an additional 246,773 shares in the last quarter. Wolf Hill Capital Management LP lifted its stake in shares of Green Plains by 13.7% in the second quarter. Wolf Hill Capital Management LP now owns 1,994,539 shares of the specialty chemicals company’s stock valued at $31,633,000 after buying an additional 240,849 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its position in shares of Green Plains by 53.7% during the second quarter. Clifford Capital Partners LLC now owns 511,026 shares of the specialty chemicals company’s stock worth $8,105,000 after acquiring an additional 178,484 shares in the last quarter.

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.