Green Plains (NASDAQ:GPRE) Sets New 52-Week Low at $14.40

Shares of Green Plains Inc. (NASDAQ:GPRE) reached a new 52-week low on Friday . The company traded as low as $14.40 and last traded at $14.70, with a volume of 198211 shares traded. The stock had previously closed at $15.00.

Wall Street Analyst Weigh In

GPRE has been the topic of a number of research analyst reports. Truist Financial reiterated a “buy” rating and set a $35.00 target price on shares of Green Plains in a report on Tuesday, March 26th. UBS Group reduced their target price on Green Plains from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, May 20th. StockNews.com cut Green Plains from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Roth Mkm dropped their price target on Green Plains from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Finally, BMO Capital Markets dropped their price target on Green Plains from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.38.

Green Plains Stock Down 3.3 %

The stock has a 50-day moving average price of $17.69 and a two-hundred day moving average price of $20.78. The company has a current ratio of 1.75, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings results on Friday, May 3rd. The specialty chemicals company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.48). Green Plains had a negative net margin of 2.43% and a negative return on equity of 7.86%. The business had revenue of $597.20 million during the quarter, compared to the consensus estimate of $654.40 million. During the same period in the previous year, the business posted ($1.20) EPS. The firm’s revenue was down 28.3% on a year-over-year basis. Analysts anticipate that Green Plains Inc. will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Plains

A number of institutional investors have recently modified their holdings of GPRE. Quest Partners LLC purchased a new position in shares of Green Plains during the fourth quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Green Plains during the fourth quarter worth approximately $88,000. Crewe Advisors LLC purchased a new position in Green Plains during the first quarter valued at approximately $150,000. iA Global Asset Management Inc. purchased a new position in Green Plains during the third quarter valued at approximately $164,000. Finally, Cape Investment Advisory Inc. purchased a new position in Green Plains during the fourth quarter valued at approximately $196,000.

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.