Shares of Renewable Energy Group Inc (NASDAQ:REGI) traded down 4.3% on Monday . The stock traded as low as $8.87 and last traded at $8.89, with a volume of 173,370 shares changing hands. The stock had previously closed at $9.29.

Several equities analysts have commented on REGI shares. Canaccord Genuity reissued a “hold” rating on shares of Renewable Energy Group in a research report on Tuesday, May 31st. Zacks Investment Research cut shares of Renewable Energy Group from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, Roth Capital reissued a “buy” rating on shares of Renewable Energy Group in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.67.

The stock’s market capitalization is $345.02 million. The stock has a 50 day moving average of $9.12 and a 200-day moving average of $8.77.

Renewable Energy Group (NASDAQ:REGI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.12. The company had revenue of $558 million for the quarter, compared to analyst estimates of $417.78 million. The business’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. Equities analysts anticipate that Renewable Energy Group Inc will post $1.25 earnings per share for the current year.

In other news, Director Peter John Martin Harding acquired 5,000 shares of Renewable Energy Group stock in a transaction that occurred on Wednesday, August 17th. The shares were acquired at an average price of $9.07 per share, with a total value of $45,350.00. Following the completion of the purchase, the director now owns 49,271 shares of the company’s stock, valued at approximately $446,887.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Renewable Energy Group, Inc is focused on providing cleaner, lower carbon intensity products and services while also providing conventional products and services. The Company is a producer of biomass-based diesel in the United States. Its segments include Biomass-based diesel, Services, Renewable Chemicals and Corporate and other activities.

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