Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Crosses Below 50 Day Moving Average - Time to Sell?

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.82 and traded as low as $3.71. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.73, with a volume of 31,695 shares traded.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce".

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 0.3%

The stock has a market capitalization of $384.04 million, a P/E ratio of 7.17 and a beta of 0.51. The firm's 50 day moving average price is $3.82 and its 200 day moving average price is $3.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.79 and a quick ratio of 0.94.

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

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% in the second quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company's stock worth $141,000 after purchasing an additional 14,651 shares during the period. Evelyn Partners Investment Management LLP grew its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% during the second quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company's stock valued at $71,000 after buying an additional 16,435 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 1.15% of the company's stock.

About Brasilagro Cia Brasileira De Propriedades Agricolas

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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