Alico (NASDAQ:ALCO) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Shares of Alico, Inc. (NASDAQ:ALCO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.20 and traded as high as $32.71. Alico shares last traded at $32.64, with a volume of 19,144 shares trading hands.

Wall Street Analyst Weigh In

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

Alico Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 5.56 and a quick ratio of 4.65. The stock has a market capitalization of $247.00 million, a PE ratio of -1.75 and a beta of 0.99. The stock has a 50 day moving average of $31.72 and a two-hundred day moving average of $30.24.

Alico (NASDAQ:ALCO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($10.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($10.62). The firm had revenue of $17.98 million for the quarter, compared to analyst estimates of $22.20 million. Alico had a negative return on equity of 41.08% and a negative net margin of 284.75%. Research analysts expect that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. Alico's dividend payout ratio (DPR) is -1.09%.

Hedge Funds Weigh In On Alico

A number of institutional investors have recently made changes to their positions in ALCO. GAMMA Investing LLC grew its position in shares of Alico by 8,107.1% in the first quarter. GAMMA Investing LLC now owns 2,298 shares of the company's stock valued at $69,000 after purchasing an additional 2,270 shares during the period. Covestor Ltd purchased a new stake in Alico during the first quarter valued at about $73,000. PNC Financial Services Group Inc. boosted its position in shares of Alico by 21.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,591 shares of the company's stock worth $77,000 after buying an additional 464 shares during the period. Perritt Capital Management Inc boosted its position in shares of Alico by 66.7% in the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company's stock worth $130,000 after buying an additional 2,000 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Alico by 21.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock worth $134,000 after buying an additional 908 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Alico Company Profile

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.