Gevo, Inc. (NASDAQ:GEVO) posted its quarterly earnings data on Monday. The energy company reported ($0.36) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.05, Bloomberg Earnings reports. The firm had revenue of $7.70 million during the quarter, compared to analysts’ expectations of $5.49 million. Gevo had a negative return on equity of 43.79% and a negative net margin of 108.84%.

Shares of Gevo (GEVO) traded down $0.04 during mid-day trading on Tuesday, reaching $0.63. The company had a trading volume of 612,506 shares, compared to its average volume of 1,320,000. The company has a quick ratio of 1.18, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. Gevo has a one year low of $0.53 and a one year high of $9.00.

A hedge fund recently raised its stake in Gevo stock. Vanguard Group Inc. raised its stake in shares of Gevo, Inc. (NASDAQ:GEVO) by 22.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 486,959 shares of the energy company’s stock after buying an additional 89,020 shares during the period. Vanguard Group Inc. owned about 3.23% of Gevo worth $336,000 at the end of the most recent quarter. 12.64% of the stock is currently owned by institutional investors.

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GEVO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research note on Tuesday, August 29th. HC Wainwright set a $12.00 target price on Gevo and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, ValuEngine upgraded Gevo from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

About Gevo

Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.

Earnings History for Gevo (NASDAQ:GEVO)

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