Gevo (GEVO) Trading 8.3% Higher

Shares of Gevo Inc (NASDAQ:GEVO) traded up 8.3% during mid-day trading on Wednesday . The stock traded as high as $2.65 and last traded at $2.60. 576,187 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 637,338 shares. The stock had previously closed at $2.40.

Several analysts have recently issued reports on the stock. HC Wainwright set a $10.00 target price on shares of Gevo and gave the stock a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research lowered shares of Gevo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, ValuEngine lowered shares of Gevo from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th.

The stock has a market cap of $20.74 million, a price-to-earnings ratio of -0.08 and a beta of 2.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.15 and a current ratio of 7.74.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC grew its position in Gevo by 69.1% during the third quarter. Virtu Financial LLC now owns 38,290 shares of the energy company’s stock valued at $152,000 after buying an additional 15,651 shares during the period. BlackRock Inc. grew its position in Gevo by 4,086.6% during the third quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock valued at $614,000 after buying an additional 151,368 shares during the period. Renaissance Technologies LLC grew its position in Gevo by 254.7% during the third quarter. Renaissance Technologies LLC now owns 563,469 shares of the energy company’s stock valued at $2,231,000 after buying an additional 404,625 shares during the period. Jane Street Group LLC bought a new position in Gevo during the second quarter valued at about $107,000. Finally, Bank of Montreal Can grew its position in Gevo by 100.0% during the third quarter. Bank of Montreal Can now owns 60,000 shares of the energy company’s stock valued at $238,000 after buying an additional 30,000 shares during the period. Institutional investors own 12.17% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Gevo (GEVO) Trading 8.3% Higher” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://www.com-unik.info/2019/02/20/gevo-gevo-trading-8-3-higher.html.

Gevo Company Profile (NASDAQ:GEVO)

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

Recommended Story: Reverse Stock Split

Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit