Alico (NASDAQ:ALCO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Shares of Alico, Inc. (NASDAQ:ALCO - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.83 and traded as high as $32.34. Alico shares last traded at $32.24, with a volume of 25,240 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Alico from a "hold" rating to a "strong sell" rating in a report on Thursday, May 22nd.

Alico Trading Up 1.1%

The stock has a market cap of $247.45 million, a price-to-earnings ratio of -5.47 and a beta of 0.98. The firm's 50 day moving average is $29.83 and its two-hundred day moving average is $28.99. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42.

Alico (NASDAQ:ALCO - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by ($10.62). Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. The business had revenue of $17.98 million for the quarter, compared to the consensus estimate of $22.20 million. Equities analysts anticipate that Alico, Inc. will post -0.37 EPS for the current year.

Alico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, March 28th. Alico's dividend payout ratio (DPR) is currently -1.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALCO. Wells Fargo & Company MN grew its holdings in shares of Alico by 21.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock worth $134,000 after purchasing an additional 908 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Alico during the fourth quarter worth approximately $675,000. Empowered Funds LLC lifted its position in shares of Alico by 5.1% during the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock worth $431,000 after purchasing an additional 810 shares in the last quarter. Perritt Capital Management Inc lifted its holdings in Alico by 66.7% in the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company's stock valued at $130,000 after buying an additional 2,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Alico by 125.8% in the fourth quarter. JPMorgan Chase & Co. now owns 29,670 shares of the company's stock valued at $769,000 after buying an additional 16,530 shares during the period. Institutional investors own 62.28% of the company's stock.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.