Green Plains (NASDAQ:GPRE) Sets New 12-Month Low – Should You Sell?

Green Plains Inc. (NASDAQ:GPRE)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.48 and last traded at $8.63, with a volume of 1220676 shares changing hands. The stock had previously closed at $8.93.

Wall Street Analysts Forecast Growth

GPRE has been the topic of several research analyst reports. Stephens raised shares of Green Plains to a “hold” rating in a research note on Monday, December 2nd. Truist Financial lowered 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 note on Wednesday, October 16th. Finally, StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.44.

Green Plains Stock Performance

The firm’s fifty day simple moving average is $9.94 and its 200 day simple moving average is $12.14. The company has a market capitalization of $557.93 million, a price-to-earnings ratio of -22.71, a PEG ratio of 1.41 and a beta of 1.44. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ieq Capital LLC boosted its holdings in shares of Green Plains by 36.1% in the fourth quarter. Ieq Capital LLC now owns 15,018 shares of the specialty chemicals company’s stock worth $142,000 after buying an additional 3,982 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Green Plains by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 313,446 shares of the specialty chemicals company’s stock worth $2,971,000 after purchasing an additional 8,750 shares during the period. Rhumbline Advisers boosted its holdings in shares of Green Plains by 2.9% during the fourth quarter. Rhumbline Advisers now owns 208,216 shares of the specialty chemicals company’s stock worth $1,974,000 after purchasing an additional 5,830 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Green Plains by 4.7% during the fourth quarter. New York State Teachers Retirement System now owns 65,154 shares of the specialty chemicals company’s stock worth $618,000 after purchasing an additional 2,900 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Green Plains by 433.3% during the fourth quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 2,717 shares during the period.

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.