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

Green Plains Inc. (NASDAQ:GPRE) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.29 and last traded at $10.38, with a volume of 107224 shares trading hands. The stock had previously closed at $10.64.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. StockNews.com upgraded Green Plains from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Craig Hallum reduced their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. UBS Group lowered their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, Oppenheimer cut shares of Green Plains from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Green Plains currently has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Green Plains Stock Down 2.3 %

The stock has a market cap of $671.71 million, a P/E ratio of -28.00 and a beta of 1.44. The company’s fifty day moving average price is $11.89 and its 200-day moving average price is $14.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78.

Hedge Funds Weigh In On Green Plains

Several hedge funds have recently bought and sold shares of GPRE. Thomist Capital Management LP bought a new stake in shares of Green Plains in the second quarter valued at about $1,011,000. Paloma Partners Management Co acquired a new position in Green Plains during the 3rd quarter valued at about $840,000. Skandinaviska Enskilda Banken AB publ increased its position 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 valued at $2,228,000 after buying an additional 103,400 shares in the last quarter. Lumbard & Kellner LLC purchased a new stake in Green Plains in the second quarter valued at about $4,685,000. Finally, William Blair Investment Management LLC boosted its holdings 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 acquiring an additional 65,637 shares in 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.