Gevo (GEVO) Downgraded by HC Wainwright to Neutral

HC Wainwright lowered shares of Gevo (NASDAQ:GEVO) from a buy rating to a neutral rating in a research note published on Tuesday morning. The firm currently has $12.00 target price on the energy company’s stock.

A number of other equities research analysts also recently issued reports on GEVO. Zacks Investment Research downgraded shares of Gevo from a buy rating to a hold rating in a research note on Thursday, September 14th. ValuEngine downgraded shares of Gevo from a sell rating to a strong sell rating in a research note on Monday, October 2nd.

Shares of Gevo (NASDAQ GEVO) remained flat at $$0.61 during trading on Tuesday. The stock had a trading volume of 274,655 shares, compared to its average volume of 777,244. The stock has a market capitalization of $13.30, a price-to-earnings ratio of -0.35 and a beta of 3.09. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 0.21. Gevo has a 1 year low of $0.53 and a 1 year high of $4.98.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Monday, November 6th. The energy company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.05. The firm had revenue of $7.70 million for the quarter, compared to the consensus estimate of $5.49 million. Gevo had a negative net margin of 84.42% and a negative return on equity of 40.58%. analysts expect that Gevo will post -1.69 earnings per share for the current year.

An institutional investor recently raised its position in Gevo stock. Virtu KCG Holdings LLC grew its stake in 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. The institutional investor owned 182,390 shares of the energy company’s stock after purchasing an additional 154,654 shares during the period. Virtu KCG Holdings LLC owned about 1.21% of Gevo worth $126,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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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