Gevo (GEVO) Shares Gap Up to $0.62
Gevo, Inc. (NASDAQ:GEVO) shares gapped up before the market opened on Tuesday . The stock had previously closed at $0.60, but opened at $0.62. Gevo shares last traded at $0.63, with a volume of 4556400 shares.
Several brokerages have commented on GEVO. Zacks Investment Research raised Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research note on Thursday, November 9th. ValuEngine downgraded Gevo from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of Gevo in a research note on Tuesday, November 7th.
The company has a debt-to-equity ratio of 0.21, a current ratio of 1.54 and a quick ratio of 1.23.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. lifted its position in shares of Gevo, Inc. (NASDAQ:GEVO) by 22.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,959 shares of the energy company’s stock after purchasing an additional 89,020 shares during the period. Vanguard Group Inc. owned about 3.23% of Gevo worth $336,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.91% 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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