Gevo (NASDAQ:GEVO) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday.
A number of other analysts have also recently commented on GEVO. Zacks Investment Research cut Gevo from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. HC Wainwright cut Gevo from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Tuesday, January 9th.
Shares of Gevo (NASDAQ:GEVO) opened at $0.55 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.54 and a quick ratio of 1.23. Gevo has a 12-month low of $0.53 and a 12-month high of $3.27. The company has a market capitalization of $11.85, a P/E ratio of -0.31 and a beta of 3.09.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. boosted its holdings in Gevo, Inc. (NASDAQ:GEVO) by 22.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 486,959 shares of the energy company’s stock after acquiring an additional 89,020 shares during the quarter. Vanguard Group Inc. owned 3.23% of Gevo worth $336,000 at the end of the most recent quarter. 7.07% of the stock is owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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