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

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 $28.60 and traded as high as $31.55. Alico shares last traded at $31.25, with a volume of 34,455 shares trading hands.

Wall Street Analyst Weigh In

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

Alico Stock Performance

The company has a market capitalization of $242.79 million, a PE ratio of -5.36 and a beta of 0.98. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $29.49 and a two-hundred day moving average price of $28.75.

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 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 during the quarter, compared to analysts' expectations of $22.20 million. Analysts predict that Alico, Inc. will post -0.37 EPS for the current fiscal year.

Alico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.05 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. Alico's dividend payout ratio (DPR) is presently -1.09%.

Institutional Investors Weigh In On Alico

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Peapod Lane Capital LLC raised its position in shares of Alico by 0.4% in the first quarter. Peapod Lane Capital LLC now owns 130,831 shares of the company's stock worth $3,904,000 after buying an additional 461 shares in the last quarter. PNC Financial Services Group Inc. raised 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 in the last quarter. Transcend Capital Advisors LLC increased its stake in Alico by 6.8% in the fourth quarter. Transcend Capital Advisors LLC now owns 10,670 shares of the company's stock valued at $277,000 after acquiring an additional 684 shares during the last quarter. Empowered Funds LLC increased its stake in Alico by 5.1% in the fourth quarter. Empowered Funds LLC now owns 16,607 shares of the company's stock valued at $431,000 after acquiring an additional 810 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Alico by 21.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,177 shares of the company's stock valued at $134,000 after acquiring an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

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.