Green Plains (NASDAQ:GPRE) Reaches New 52-Week Low – Here’s Why

Shares of Green Plains Inc. (NASDAQ:GPRE) reached a new 52-week low during trading on Friday . The company traded as low as $10.71 and last traded at $10.75, with a volume of 180242 shares. The stock had previously closed at $11.12.

Wall Street Analyst Weigh In

GPRE has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a report on Monday, August 19th. BMO Capital Markets decreased their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Truist Financial decreased their price objective on shares of Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded shares of Green Plains from a “sell” rating to a “hold” rating in a report on Tuesday. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The business’s 50-day moving average price is $12.47 and its two-hundred day moving average price is $15.08.

Hedge Funds Weigh In On Green Plains

Several institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new position in Green Plains during the second quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Green Plains during the 2nd quarter worth $41,000. Quest Partners LLC acquired a new stake in shares of Green Plains during the 3rd quarter worth $52,000. nVerses Capital LLC purchased a new position in shares of Green Plains in the 3rd quarter worth $65,000. Finally, Crewe Advisors LLC acquired a new position in Green Plains in the first quarter valued at $150,000.

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.