Bioceres Crop Solutions (NASDAQ:BIOX) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Bioceres Crop Solutions has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, reflecting a significant shift in analyst sentiment.
• Canaccord Genuity lowered their price target for the company's shares from $6.50 to $2.50, indicating a decrease in expected stock performance.
• Currently, the stock has a consensus rating of "Moderate Buy" with an average price target of $4.17, suggesting mixed opinions among analysts.

Wall Street Zen lowered shares of Bioceres Crop Solutions (NASDAQ:BIOX - Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other research analysts have also issued reports on BIOX. Canaccord Genuity Group reiterated a "hold" rating and set a $2.50 price target (down previously from $6.50) on shares of Bioceres Crop Solutions in a research report on Wednesday, September 10th. Lake Street Capital reduced their price target on Bioceres Crop Solutions from $8.00 to $5.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Brookline Capital Management lowered Bioceres Crop Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Oppenheimer set a $5.00 price target on Bioceres Crop Solutions in a research report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Bioceres Crop Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $4.17.

Bioceres Crop Solutions Stock Performance

NASDAQ BIOX traded down $0.09 during trading hours on Friday, hitting $1.95. The company had a trading volume of 732,740 shares, compared to its average volume of 544,544. Bioceres Crop Solutions has a fifty-two week low of $1.94 and a fifty-two week high of $8.78. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $4.06. The firm has a market cap of $122.28 million, a P/E ratio of -2.41 and a beta of 0.43.

Institutional Investors Weigh In On Bioceres Crop Solutions

Several large investors have recently modified their holdings of BIOX. Bank of America Corp DE grew its holdings in shares of Bioceres Crop Solutions by 186.8% in the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company's stock worth $35,000 after acquiring an additional 3,735 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Bioceres Crop Solutions by 3,535.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company's stock worth $25,000 after acquiring an additional 5,339 shares during the last quarter. Avanza Fonder AB grew its holdings in shares of Bioceres Crop Solutions by 62.9% in the 2nd quarter. Avanza Fonder AB now owns 26,164 shares of the company's stock worth $117,000 after acquiring an additional 10,099 shares during the last quarter. PDT Partners LLC grew its holdings in shares of Bioceres Crop Solutions by 58.9% in the 2nd quarter. PDT Partners LLC now owns 28,180 shares of the company's stock worth $126,000 after acquiring an additional 10,449 shares during the last quarter. Finally, Ping Capital Management Inc. grew its holdings in shares of Bioceres Crop Solutions by 29.5% in the 1st quarter. Ping Capital Management Inc. now owns 57,000 shares of the company's stock worth $260,000 after acquiring an additional 13,000 shares during the last quarter. 17.68% of the stock is owned by institutional investors.

About Bioceres Crop Solutions

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.