Alico (NASDAQ:ALCO) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Alico's stock crossed above its 200‑day moving average, trading as high as $45.01 and last at $44.34 versus a 200‑day MA of $37.34.
• The company reported a large quarterly EPS miss (‑$0.96 vs. ‑$0.04 expected) with revenue also below estimates and very negative margins and return on equity, highlighting weak fundamentals.
• Analyst sentiment is mixed: the stock has an average rating of "Hold" with an average target of $42.00, while firms like Wall Street Zen and Weiss Ratings have issued sell views.

Alico, Inc. (NASDAQ:ALCO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.34 and traded as high as $45.01. Alico shares last traded at $44.34, with a volume of 46,958 shares.

Analyst Ratings Changes

Several research firms have recently commented on ALCO. Wall Street Zen downgraded shares of Alico from a "hold" rating to a "sell" rating in a research note on Sunday, March 22nd. Weiss Ratings reiterated a "sell (d)" rating on shares of Alico in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.00.

Alico Stock Down 0.3%

The company has a market capitalization of $339.51 million, a price-to-earnings ratio of -2.39 and a beta of 1.00. The business's 50-day moving average is $40.67 and its 200-day moving average is $37.34. The company has a quick ratio of 13.02, a current ratio of 14.39 and a debt-to-equity ratio of 0.82.

Alico (NASDAQ:ALCO - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.92). The business had revenue of $1.89 million for the quarter, compared to analyst estimates of $3.22 million. Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. As a group, equities analysts predict that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, April 3rd will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. Alico's payout ratio is currently -1.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALCO. Rhumbline Advisers lifted its position in Alico by 45.2% during the second quarter. Rhumbline Advisers now owns 15,598 shares of the company's stock valued at $510,000 after purchasing an additional 4,859 shares during the period. American Century Companies Inc. acquired a new position in shares of Alico in the second quarter worth about $332,000. Raymond James Financial Inc. acquired a new position in shares of Alico in the second quarter worth about $28,000. Jane Street Group LLC acquired a new position in shares of Alico in the second quarter worth about $439,000. Finally, Gate City Capital Management LLC raised its position in shares of Alico by 28.2% in the second quarter. Gate City Capital Management LLC now owns 1,126,553 shares of the company's stock worth $36,816,000 after acquiring an additional 248,136 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.

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