Cadiz (NASDAQ:CDZI) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Cadiz, Inc. (NASDAQ:CDZI - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CDZI shares. Wall Street Zen upgraded Cadiz to a "sell" rating in a report on Wednesday, March 5th. Roth Capital started coverage on shares of Cadiz in a research report on Thursday, April 17th. They issued a "buy" rating and a $10.00 price target on the stock.

Cadiz Stock Down 4.2%

The company has a current ratio of 2.19, a quick ratio of 1.97 and a debt-to-equity ratio of 1.90. The firm's fifty day moving average price is $2.95 and its 200-day moving average price is $3.69. The company has a market cap of $244.82 million, a price-to-earnings ratio of -5.44 and a beta of 1.76.

Cadiz (NASDAQ:CDZI - Get Free Report) last released 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). Cadiz had a negative return on equity of 107.34% and a negative net margin of 296.15%. The business had revenue of $2.95 million for the quarter, compared to analyst estimates of $4.77 million. Sell-side analysts predict that Cadiz, Inc. will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CDZI. Whitefort Capital Management LP bought a new stake in shares of Cadiz during the fourth quarter worth $19,344,000. Levin Capital Strategies L.P. boosted its stake in Cadiz by 4.7% in the 1st quarter. Levin Capital Strategies L.P. now owns 3,066,380 shares of the company's stock worth $8,984,000 after purchasing an additional 136,528 shares during the period. Alyeska Investment Group L.P. acquired a new position in Cadiz in the 1st quarter worth $8,016,000. American Assets Capital Advisers LLC increased its holdings in Cadiz by 5.6% during the 4th quarter. American Assets Capital Advisers LLC now owns 2,384,208 shares of the company's stock worth $12,398,000 after purchasing an additional 126,000 shares in the last quarter. Finally, American Assets Investment Management LLC raised its stake in shares of Cadiz by 1,158.1% in the 1st quarter. American Assets Investment Management LLC now owns 1,897,217 shares of the company's stock valued at $5,559,000 after purchasing an additional 1,746,416 shares during the period. Institutional investors own 79.75% of the company's stock.

Cadiz Company Profile

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.