Separately, Noble Financial reiterated a “buy” rating and set a $3.00 target price on shares of Gevo in a report on Thursday, March 19th.
Shares of Gevo stock traded down $0.05 during mid-day trading on Thursday, hitting $0.79. The stock had a trading volume of 75,818 shares, compared to its average volume of 200,027. The firm has a 50-day moving average of $1.32 and a two-hundred day moving average of $2.23. Gevo has a 12-month low of $0.61 and a 12-month high of $3.60. The firm has a market cap of $12.28 million, a P/E ratio of -0.34 and a beta of 1.70.
A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in Gevo by 7.9% during the 4th quarter. Renaissance Technologies LLC now owns 575,294 shares of the energy company’s stock worth $1,329,000 after purchasing an additional 41,900 shares during the last quarter. Credit Agricole S A purchased a new position in Gevo during the 4th quarter worth $52,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of Gevo in the fourth quarter valued at about $50,000. 10.01% of the stock is currently owned by institutional investors.
Gevo Company Profile
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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