Green Plains (NASDAQ:GPRE) Reaches New 1-Year Low – Should You Sell?

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GPRE shares. Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. UBS Group reduced their target price on shares of Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a report on Monday, August 19th. Truist Financial decreased their price target 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. BMO Capital Markets cut their price objective 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. Finally, StockNews.com raised Green Plains from a “sell” rating to a “hold” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Green Plains Stock Down 0.2 %

The business has a fifty day moving average of $12.47 and a 200 day moving average of $15.08. 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 Investors Weigh In On Green Plains

A number of institutional investors have recently modified their holdings of GPRE. Vanguard Group Inc. boosted its holdings in shares of Green Plains by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after buying an additional 447,825 shares during the period. Thomist Capital Management LP bought a new position in shares of Green Plains during the second quarter valued at approximately $1,011,000. Swiss National Bank lifted its holdings in shares of Green Plains by 14.1% in the 1st quarter. Swiss National Bank now owns 120,400 shares of the specialty chemicals company’s stock worth $2,784,000 after purchasing an additional 14,900 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Green Plains by 278.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 140,500 shares of the specialty chemicals company’s stock worth $2,228,000 after buying an additional 103,400 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in Green Plains by 3.6% in the second quarter. William Blair Investment Management LLC now owns 1,870,698 shares of the specialty chemicals company’s stock worth $29,669,000 after buying an additional 65,637 shares during the period.

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.