Green Plains (NASDAQ:GPRE) Stock Price Down 4.1% – Here’s What Happened

Green Plains Inc. (NASDAQ:GPRE) shares fell 4.1% on Monday . The company traded as low as $10.27 and last traded at $10.27. 29,203 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,100,767 shares. The stock had previously closed at $10.71.

Wall Street Analysts Forecast Growth

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

Green Plains Trading Up 5.6 %

The firm has a market capitalization of $703.40 million, a P/E ratio of -28.63 and a beta of 1.44. The firm has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $13.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16.

Institutional Investors Weigh In On Green Plains

Several large investors have recently added to or reduced their stakes in GPRE. Barclays PLC grew its stake in Green Plains by 71.5% in the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock valued at $1,935,000 after buying an additional 59,564 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Green Plains during the 3rd quarter valued at $155,000. State Street Corp boosted its position in shares of Green Plains by 2.9% during the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock valued at $52,945,000 after acquiring an additional 111,501 shares during the last quarter. Quarry LP increased its holdings in shares of Green Plains by 17.2% in the 3rd quarter. Quarry LP now owns 79,934 shares of the specialty chemicals company’s stock worth $1,082,000 after buying an additional 11,726 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Green Plains by 29.5% in the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock worth $7,530,000 after acquiring an additional 126,795 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.