Gevo (NASDAQ:GEVO) Sees Unusually-High Trading Volume
Gevo Inc (NASDAQ:GEVO) saw unusually-strong trading volume on Wednesday . Approximately 911,263 shares changed hands during trading, an increase of 104% from the previous session’s volume of 447,108 shares.The stock last traded at $2.53 and had previously closed at $2.51.
Several equities analysts recently commented on GEVO shares. ValuEngine raised shares of Gevo from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Gevo from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
The stock’s 50 day moving average is $2.35. The stock has a market capitalization of $29.86 million, a P/E ratio of -0.48 and a beta of 2.70.
A hedge fund recently bought a new stake in Gevo stock. Wedbush Securities Inc. acquired a new stake in Gevo Inc (NASDAQ:GEVO) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 30,500 shares of the energy company’s stock, valued at approximately $67,000. Wedbush Securities Inc. owned approximately 0.26% of Gevo as of its most recent filing with the SEC. 7.77% of the stock is owned by hedge funds and other institutional investors.
About Gevo (NASDAQ:GEVO)
Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.
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