Limoneira (NASDAQ:LMNR) Stock Crosses Above 200-Day Moving Average of $17.45

Limoneira (NASDAQ:LMNR - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.45 and traded as high as $19.35. Limoneira shares last traded at $19.31, with a volume of 57,827 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LMNR shares. TheStreet lowered Limoneira from a "b-" rating to a "c+" rating in a research note on Tuesday, January 30th. Roth Mkm upped their target price on Limoneira from $17.00 to $23.00 and gave the stock a "buy" rating in a research note on Tuesday, January 2nd.

Limoneira Stock Performance

The stock has a market cap of $347.58 million, a PE ratio of -33.10, a price-to-earnings-growth ratio of 10.05 and a beta of 0.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.84. The business has a 50 day moving average price of $18.65 and a two-hundred day moving average price of $17.45.

Limoneira (NASDAQ:LMNR - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.05. The firm had revenue of $39.73 million during the quarter, compared to analyst estimates of $39.07 million. Limoneira had a negative return on equity of 1.16% and a negative net margin of 5.40%. During the same quarter in the prior year, the firm posted ($0.53) earnings per share. As a group, equities research analysts forecast that Limoneira will post 0.13 EPS for the current fiscal year.

Limoneira Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, April 1st will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, March 28th. Limoneira's dividend payout ratio (DPR) is presently -51.72%.

Institutional Trading of Limoneira

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Limoneira by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 913,393 shares of the company's stock worth $18,843,000 after acquiring an additional 19,802 shares during the period. Barclays PLC raised its holdings in Limoneira by 648.8% in the fourth quarter. Barclays PLC now owns 24,053 shares of the company's stock worth $497,000 after purchasing an additional 20,841 shares in the last quarter. West Tower Group LLC purchased a new position in Limoneira during the fourth quarter valued at $26,000. Nuveen Asset Management LLC lifted its position in Limoneira by 18.1% during the fourth quarter. Nuveen Asset Management LLC now owns 58,005 shares of the company's stock valued at $1,197,000 after buying an additional 8,891 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in Limoneira by 34.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 204,300 shares of the company's stock valued at $4,215,000 after buying an additional 52,000 shares during the period. Hedge funds and other institutional investors own 64.35% of the company's stock.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.