Bioceres Crop Solutions' (BIOX) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Bioceres Crop Solutions' stock has retained a "sell (d)" rating from Weiss Ratings, raising concerns among investors.
• Canaccord Genuity has lowered its price target for the stock from $6.50 to $2.50, indicating a bearish outlook.
• Currently, Bioceres has a consensus rating of "Hold" and a target price of $4.17 according to MarketBeat.com.

Bioceres Crop Solutions (NASDAQ:BIOX - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group reissued a "hold" rating and set a $2.50 target price (down previously from $6.50) on shares of Bioceres Crop Solutions in a research note on Wednesday, September 10th. Wall Street Zen downgraded shares of Bioceres Crop Solutions from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Lake Street Capital cut their price target on shares of Bioceres Crop Solutions from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Wednesday, September 10th. Brookline Capital Management downgraded shares of Bioceres Crop Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Oppenheimer set a $5.00 price target on shares of Bioceres Crop Solutions in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.17.

Bioceres Crop Solutions Trading Up 2.3%

Bioceres Crop Solutions stock traded up $0.03 during midday trading on Wednesday, reaching $1.33. The stock had a trading volume of 754,605 shares, compared to its average volume of 282,147. The firm's fifty day simple moving average is $2.46 and its two-hundred day simple moving average is $3.73. Bioceres Crop Solutions has a twelve month low of $1.20 and a twelve month high of $7.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.02 and a quick ratio of 0.74. The firm has a market cap of $83.40 million, a price-to-earnings ratio of -1.64 and a beta of 0.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PDT Partners LLC increased its holdings in shares of Bioceres Crop Solutions by 58.9% during the 2nd quarter. PDT Partners LLC now owns 28,180 shares of the company's stock worth $126,000 after purchasing an additional 10,449 shares during the period. Jane Street Group LLC bought a new position in shares of Bioceres Crop Solutions during the 2nd quarter worth about $202,000. Ardsley Advisory Partners LP increased its holdings in shares of Bioceres Crop Solutions by 4.7% during the 2nd quarter. Ardsley Advisory Partners LP now owns 993,614 shares of the company's stock worth $4,441,000 after purchasing an additional 45,000 shares during the period. Avanza Fonder AB increased its holdings in shares of Bioceres Crop Solutions by 62.9% during the 2nd quarter. Avanza Fonder AB now owns 26,164 shares of the company's stock worth $117,000 after purchasing an additional 10,099 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of Bioceres Crop Solutions by 3,535.8% during the 1st quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company's stock worth $25,000 after purchasing an additional 5,339 shares during the period. Institutional investors own 17.68% of the company's stock.

Bioceres Crop Solutions Company Profile

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.

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