Gevo (GEVO) Cut to “Neutral” at HC Wainwright
Gevo (NASDAQ:GEVO) was downgraded by research analysts at HC Wainwright from a “buy” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat reports. They presently have a $12.00 price target on the energy company’s stock.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a report on Monday, September 18th. ValuEngine cut shares of Gevo from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd.
Gevo (NASDAQ:GEVO) remained flat at $$0.61 during trading on Tuesday. 274,600 shares of the company traded hands, compared to its average volume of 777,244. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.54 and a quick ratio of 1.23. The firm has a market capitalization of $13.30, a P/E ratio of -0.35 and a beta of 3.09. Gevo has a 52 week low of $0.53 and a 52 week high of $4.98.
A hedge fund recently raised its stake in Gevo stock. Virtu KCG Holdings LLC increased its stake in Gevo, Inc. (NASDAQ:GEVO) by 557.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.21% of Gevo worth $126,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 7.07% of the company’s stock.
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Gevo Company Profile
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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