Gevo (NASDAQ:GEVO – Get Rating) posted its quarterly earnings data on Monday. The energy company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08), MarketWatch Earnings reports. Gevo had a negative return on equity of 10.39% and a negative net margin of 8,326.72%. During the same period in the prior year, the business earned ($0.05) earnings per share.
Shares of GEVO stock traded down $0.02 during mid-day trading on Tuesday, hitting $3.06. The company’s stock had a trading volume of 388,366 shares, compared to its average volume of 8,631,951. The company’s fifty day simple moving average is $4.24 and its 200-day simple moving average is $4.65. Gevo has a 52 week low of $2.79 and a 52 week high of $9.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 10.70 and a current ratio of 10.78. The company has a market cap of $617.90 million, a PE ratio of -10.79 and a beta of 3.20.
In other Gevo news, Director Gary W. Mize acquired 35,339 shares of the stock in a transaction dated Thursday, March 24th. The stock was purchased at an average cost of $4.48 per share, with a total value of $158,318.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.60% of the company’s stock.
A number of analysts recently weighed in on the company. Citigroup assumed coverage on Gevo in a report on Wednesday, February 9th. They issued a “buy” rating and a $5.00 price objective for the company. Zacks Investment Research upgraded Gevo from a “sell” rating to a “hold” rating in a report on Monday, May 2nd.
About Gevo (Get Rating)
Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.
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