Cadiz, Inc. (NASDAQ:CDZI - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.71 and traded as low as $3.07. Cadiz shares last traded at $3.14, with a volume of 307,322 shares.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Cadiz to a "sell" rating in a report on Wednesday, March 5th. Roth Capital assumed coverage on shares of Cadiz in a report on Thursday, April 17th. They set a "buy" rating and a $10.00 target price on the stock.
Check Out Our Latest Stock Report on CDZI
Cadiz Stock Down 0.6%
The stock's fifty day moving average price is $2.93 and its 200 day moving average price is $3.71. The stock has a market cap of $255.47 million, a P/E ratio of -5.67 and a beta of 1.76. The company has a current ratio of 2.19, a quick ratio of 1.97 and a debt-to-equity ratio of 1.90.
Cadiz (NASDAQ:CDZI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). The company had revenue of $2.95 million during the quarter, compared to the consensus estimate of $4.77 million. Cadiz had a negative return on equity of 107.34% and a negative net margin of 296.15%. As a group, research analysts forecast that Cadiz, Inc. will post -0.47 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cadiz
Institutional investors have recently made changes to their positions in the stock. Ethic Inc. bought a new position in shares of Cadiz in the 4th quarter worth $57,000. Corient Private Wealth LLC purchased a new stake in shares of Cadiz in the 4th quarter valued at $57,000. Walleye Capital LLC purchased a new stake in shares of Cadiz in the 4th quarter valued at $60,000. ProShare Advisors LLC purchased a new stake in shares of Cadiz in the 4th quarter valued at $62,000. Finally, Virtu Financial LLC purchased a new stake in shares of Cadiz in the 1st quarter valued at $41,000. Institutional investors own 79.75% of the company's stock.
Cadiz Company Profile
(
Get Free Report)
Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.
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