Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Break Below 50-Day Moving Average - Should You Sell?

Key Points

• BrasilAgro shares fell below their 50-day moving average, trading as low as $3.63 before closing at $3.64, below the $3.66 average.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell,” while Wall Street Zen raised it to “hold”; the overall consensus rating is “Sell.”
• The company reported a quarterly loss of $0.03 per share, $55.92 million in revenue, negative net margins and negative return on equity, although insiders purchased 41,750 shares over the past 90 days.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report)'s stock price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $3.66 and traded as low as $3.63. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.64, with a volume of 75,939 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LND shares. Weiss Ratings downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of Brasilagro Cia Brasileira De Propriedades Agricolas to a "hold" rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas presently has a consensus rating of "Sell".

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The stock has a market capitalization of $373.76 million, a price-to-earnings ratio of -21.41 and a beta of 0.07. The company has a quick ratio of 0.77, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $3.66 and a 200-day moving average of $3.74.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last released its quarterly earnings data on Friday, September 4th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $55.92 million for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative return on equity of 4.36% and a negative net margin of 9.93%.

Insider Activity

In other news, Director Alejandro Elsztain acquired 15,000 shares of the company's stock in a transaction on Friday, October 2nd. The shares were bought at an average price of $3.48 per share, with a total value of $52,200.00. Following the completion of the acquisition, the director owned 715,370 shares in the company, valued at $2,489,487.60. This trade represents a 2.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 41,750 shares of company stock worth $148,228 over the last 90 days. Company insiders own 0.73% of the company's stock.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

An institutional investor recently raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. Renaissance Technologies LLC boosted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Free Report) by 604.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 139,500 shares of the company's stock after purchasing an additional 119,700 shares during the period. Renaissance Technologies LLC owned approximately 0.14% of Brasilagro Cia Brasileira De Propriedades Agricolas worth $590,000 as of its most recent filing with the SEC. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.

Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.

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