Benson Hill (NASDAQ:BHIL) Trading Down 11.9% – Should You Sell?

Benson Hill, Inc. (NASDAQ:BHIL) shares were down 11.9% during mid-day trading on Wednesday . The stock traded as low as $1.85 and last traded at $1.92. Approximately 121,604 shares were traded during trading, a decline of 84% from the average daily volume of 742,748 shares. The stock had previously closed at $2.18.

Benson Hill Price Performance

The stock’s fifty day moving average price is $2.31 and its 200-day moving average price is $5.01. The firm has a market cap of $11.73 million, a PE ratio of -0.10 and a beta of 2.10. The company has a debt-to-equity ratio of 3.12, a current ratio of 2.21 and a quick ratio of 1.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Benson Hill stock. Renaissance Technologies LLC increased its stake in shares of Benson Hill, Inc. (NASDAQ:BHIL) by 27.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 582,001 shares of the company’s stock after buying an additional 126,800 shares during the quarter. Renaissance Technologies LLC owned about 9.60% of Benson Hill worth $89,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 36.21% of the company’s stock.

Benson Hill Company Profile

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.