Green Plains (NASDAQ:GPRE) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Green Plains, Inc. (NASDAQ:GPRE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.22 and traded as high as $16.29. Green Plains shares last traded at $15.83, with a volume of 1,329,994 shares.

Analyst Ratings Changes

Several research analysts have weighed in on GPRE shares. Zacks Research raised Green Plains from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Oppenheimer restated an “outperform” rating and set a $20.00 target price on shares of Green Plains in a research note on Friday, May 8th. Wall Street Zen upgraded Green Plains from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. UBS Group increased their target price on Green Plains from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Plains in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Green Plains has an average rating of “Hold” and a consensus target price of $14.29.

Green Plains Price Performance

The stock has a 50-day simple moving average of $16.26 and a 200 day simple moving average of $13.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.27 and a current ratio of 1.71. The company has a market cap of $1.11 billion, a P/E ratio of -47.97 and a beta of 1.24.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Thursday, May 7th. The specialty chemicals company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.43. Green Plains had a positive return on equity of 2.86% and a negative net margin of 0.80%.The company had revenue of $445.80 million during the quarter, compared to the consensus estimate of $532.53 million. During the same quarter last year, the company earned ($1.14) EPS. The company’s quarterly revenue was down 25.9% on a year-over-year basis. On average, equities analysts expect that Green Plains, Inc. will post 2.1 EPS for the current year.

Institutional Trading of Green Plains

Hedge funds have recently modified their holdings of the company. Quarry LP bought a new stake in shares of Green Plains in the 3rd quarter worth approximately $67,000. Marex Group plc acquired a new position in shares of Green Plains in the 4th quarter worth approximately $98,000. Virtus Advisers LLC acquired a new position in shares of Green Plains in the 4th quarter worth approximately $98,000. WINTON GROUP Ltd acquired a new position in shares of Green Plains in the 2nd quarter worth approximately $61,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Green Plains in the 4th quarter worth approximately $100,000.

Green Plains Company Profile

Green Plains Inc is a leading producer of fuel-grade ethanol and related co-products in the United States. Headquartered in Omaha, Nebraska, the company operates an integrated network of biorefineries that convert corn and other grains into renewable fuels. Through its production facilities, Green Plains supplies ethanol to domestic fuel markets and export channels, supporting efforts to reduce greenhouse gas emissions and promote cleaner-burning transportation options.

Beyond ethanol, Green Plains manufactures a range of co-products that add value throughout the agricultural supply chain.