BRF (NYSE:BRFS) Sets New 52-Week Low - Should You Sell?

Brf S.A. (NYSE:BRFS - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $3.92 and last traded at $3.96, with a volume of 1428742 shares changing hands. The stock had previously closed at $4.00.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com upgraded BRF from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Citigroup raised BRF from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd.

BRF Stock Performance

The business's 50-day simple moving average is $3.45 and its two-hundred day simple moving average is $3.85. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.19 and a beta of 1.44.

BRF (NYSE:BRFS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.11). BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.72 billion. As a group, sell-side analysts expect that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRF

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in BRF by 111.7% during the first quarter. GAMMA Investing LLC now owns 9,082 shares of the company's stock valued at $31,000 after purchasing an additional 4,792 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of BRF during the 4th quarter worth about $43,000. PFG Investments LLC purchased a new position in BRF in the 4th quarter valued at about $51,000. Headlands Technologies LLC acquired a new stake in BRF in the 4th quarter worth about $55,000. Finally, QRG Capital Management Inc. purchased a new stake in BRF during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 4.76% of the company's stock.

About BRF

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.