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

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 $3.67 and traded as low as $3.43. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.4720, with a volume of 82,152 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas currently has an average rating of "Sell".

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 1.1%

The company has a current ratio of 1.54, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. The firm has a market cap of $356.50 million, a PE ratio of -20.42 and a beta of 0.04. The business's 50-day simple moving average is $3.67 and its 200 day simple moving average is $3.79.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last announced its quarterly earnings results on Friday, September 4th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $55.92 million during 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%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company's stock valued at $590,000 after purchasing an additional 119,700 shares during the last quarter. SmartHarvest Portfolios LLC raised its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company's stock worth $92,000 after acquiring an additional 2,691 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. 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 SA is an agricultural company focused on acquiring, developing, operating and selling rural properties. Its business model combines agricultural production with the identification and improvement of underutilized farmland, with the potential to generate value through property sales and productive operations.

The company cultivates a range of crops, including soybeans, corn, cotton, sugarcane and other grains, and also engages in cattle-raising activities.

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