Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Passes Below 50-Day Moving Average - Here's Why

Key Points

• Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) stock fell below its 50-day moving average of $3.83, trading as low as $3.73 before closing at $3.79.
• Equities analysts have recently downgraded LND, with Weiss Ratings issuing a "sell (d+)" rating and Itau BBA Securities lowering its rating from "outperform" to "market perform."
• The company reported a quarterly earnings per share of $0.11, with revenues of $60.14 million and a net margin of 11.99%.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.83 and traded as low as $3.73. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.79, with a volume of 59,429 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LND shares. Weiss Ratings reissued a "sell (d+)" rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Saturday, September 27th. Itau BBA Securities downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from an "outperform" rating to a "market perform" rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 0.6%

The firm has a market capitalization of $388.85 million, a price-to-earnings ratio of 7.28 and a beta of 0.51. The business's 50-day simple moving average is $3.83 and its two-hundred day simple moving average is $3.82. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.40.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $60.14 million during the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a net margin of 11.99% and a return on equity of 6.47%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC grew its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% during the 4th quarter. Citadel Advisors LLC now owns 48,059 shares of the company's stock worth $173,000 after acquiring an additional 21,419 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth approximately $37,000. Evelyn Partners Investment Management LLP grew its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company's stock worth $71,000 after acquiring an additional 16,435 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company's stock worth $141,000 after acquiring an additional 14,651 shares in the last quarter. Institutional investors and hedge funds own 1.15% of the company's stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.

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