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 issued to investors on Tuesday, January 9th, Marketbeat reports. The firm currently has $12.00 price objective on the energy company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Gevo from a hold rating to a buy rating and set a $0.75 target price for the company in a research report on Friday, January 5th. ValuEngine cut shares of Gevo from a sell rating to a strong sell rating in a research report on Monday, October 2nd.

Shares of Gevo (NASDAQ:GEVO) opened at $0.51 on Tuesday. Gevo has a 52-week low of $0.51 and a 52-week high of $3.20. The firm has a market cap of $11.21, a P/E ratio of -0.29 and a beta of 2.56. 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 (NASDAQ:GEVO) last announced its quarterly earnings results on Monday, November 6th. The energy company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.05. Gevo had a negative net margin of 84.42% and a negative return on equity of 40.58%. The firm had revenue of $7.70 million during the quarter, compared to analysts’ expectations of $5.49 million. research analysts expect that Gevo will post -1.69 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Gevo stock. Virtu KCG Holdings LLC boosted its position in shares of Gevo, Inc. (NASDAQ:GEVO) by 557.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,390 shares of the energy company’s stock after buying an additional 154,654 shares during the quarter. 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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About Gevo

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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