Gevo, Inc. (NASDAQ:GEVO) gapped up before the market opened on Friday . The stock had previously closed at $0.54, but opened at $0.49. Gevo shares last traded at $0.48, with a volume of 480948 shares traded.

GEVO has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Thursday, November 9th. ValuEngine raised shares of Gevo from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. 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 stock has a market capitalization of $9.72, a P/E ratio of -0.27 and a beta of 2.56. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

A hedge fund recently raised its stake in Gevo stock. Virtu KCG Holdings LLC boosted its stake in Gevo, Inc. (NASDAQ:GEVO) by 557.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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. 7.07% of the stock is currently owned by hedge funds and other institutional investors.

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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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