Green Plains Inc (NASDAQ:GPRE)’s stock price dropped 5.5% during trading on Monday . The stock traded as low as $9.87 and last traded at $9.88, approximately 870,195 shares traded hands during mid-day trading. An increase of 36% from the average daily volume of 639,531 shares. The stock had previously closed at $10.45.

GPRE has been the topic of several recent analyst reports. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. TheStreet downgraded shares of Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research note on Monday, July 1st. Finally, Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.50.

The company has a current ratio of 1.41, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34. The company’s 50 day simple moving average is $10.89. The stock has a market cap of $408.89 million, a P/E ratio of -4.55 and a beta of 1.15.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported ($1.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.68). The company had revenue of $642.30 million for the quarter, compared to analyst estimates of $779.84 million. Green Plains had a negative return on equity of 10.48% and a negative net margin of 0.08%. The firm’s quarterly revenue was down 38.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.60) EPS. On average, equities analysts forecast that Green Plains Inc will post -0.95 EPS for the current fiscal year.

In related news, Director Alain Treuer sold 5,270 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $13.06, for a total transaction of $68,826.20. Following the transaction, the director now owns 329,173 shares in the company, valued at approximately $4,298,999.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GPRE. Geode Capital Management LLC increased its stake in shares of Green Plains by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 446,654 shares of the specialty chemicals company’s stock worth $5,855,000 after acquiring an additional 4,272 shares during the period. Principal Financial Group Inc. grew its position in Green Plains by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 316,053 shares of the specialty chemicals company’s stock worth $4,143,000 after buying an additional 1,604 shares during the period. Metropolitan Life Insurance Co. NY grew its position in Green Plains by 426.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,217 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 11,515 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Green Plains during the fourth quarter worth about $403,000. Finally, Macquarie Group Ltd. acquired a new position in Green Plains during the fourth quarter worth about $149,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Green Plains Company Profile (NASDAQ:GPRE)

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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