Benson Hill (NASDAQ:BHIL) Stock Price Down 11.9% – Here’s Why

Benson Hill, Inc. (NASDAQ:BHIL)’s share price was 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 changed hands during mid-day trading, a decline of 84% from the average daily volume of 742,748 shares. The stock had previously closed at $2.18.

Benson Hill Stock Performance

The company has a debt-to-equity ratio of 3.12, a current ratio of 2.21 and a quick ratio of 1.74. The company has a market cap of $9.84 million, a price-to-earnings ratio of -0.09 and a beta of 2.10. The stock has a 50-day moving average price of $2.23 and a 200 day moving average price of $4.96.

Institutional Trading of Benson Hill

An institutional investor recently raised its position 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 Securities & Exchange Commission. The firm owned 582,001 shares of the company’s stock after acquiring an additional 126,800 shares during the period. Renaissance Technologies LLC owned about 9.60% of Benson Hill worth $89,000 as of its most recent SEC filing. 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.