Gevo (GEVO) Shares Down 2%
Shares of Gevo, Inc. (NASDAQ:GEVO) were down 2% on Monday . The stock traded as low as $0.51 and last traded at $0.52. Approximately 148,295 shares traded hands during trading, a decline of 79% from the average daily volume of 702,589 shares. The stock had previously closed at $0.51.
Several analysts recently weighed in on GEVO shares. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of Gevo in a report on Tuesday, November 7th. Zacks Investment Research raised Gevo from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a report on Thursday, November 9th. Finally, ValuEngine raised Gevo from a “sell” rating to a “hold” rating in a report on Friday, February 2nd.
The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 0.21.
A hedge fund recently raised its stake in Gevo stock. Virtu KCG Holdings LLC boosted its stake in shares of Gevo, Inc. (NASDAQ:GEVO) by 557.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,390 shares of the energy company’s stock after acquiring an additional 154,654 shares during the period. Virtu KCG Holdings LLC owned 1.21% of Gevo worth $126,000 at the end of the most recent reporting period. 7.07% of the stock is owned by institutional investors and hedge funds.
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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.
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