Tejon Ranch (NYSE:TRC) Share Price Breaks Above 50 Day Moving Average - Time to Sell?

Key Points

• Tejon Ranch shares rose 0.7% and traded above their 50-day moving average of $16.27, reaching as high as $16.40; the stock remained below its 200-day average of $17.72.
• The company reported quarterly EPS of $0.10, beating the $0.02 analyst consensus, while revenue of $14.26 million also exceeded estimates of $8.64 million.
• Analyst sentiment remained cautious: Weiss Ratings lowered its rating from “hold (c)” to “hold (c-),” and the stock’s average rating was “Hold.”

Tejon Ranch Co (NYSE:TRC - Get Free Report) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $16.27 and traded as high as $16.40. Tejon Ranch shares last traded at $16.3430, with a volume of 153,018 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Tejon Ranch from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, September 24th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Tejon Ranch has an average rating of "Hold".

Tejon Ranch Stock Up 0.7%

The company has a quick ratio of 2.06, a current ratio of 2.92 and a debt-to-equity ratio of 0.19. The firm has a market cap of $441.59 million, a price-to-earnings ratio of 71.06 and a beta of 0.55. The stock's 50 day moving average is $16.27 and its 200 day moving average is $17.72.

Tejon Ranch (NYSE:TRC - Get Free Report) last released its earnings results on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.08. The firm had revenue of $14.26 million during the quarter, compared to the consensus estimate of $8.64 million. Tejon Ranch had a return on equity of 1.23% and a net margin of 10.62%. Analysts forecast that Tejon Ranch Co will post 0.18 EPS for the current year.

Institutional Trading of Tejon Ranch

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in shares of Tejon Ranch in the second quarter valued at $40,000. GSA Capital Partners LLP acquired a new position in Tejon Ranch during the second quarter worth about $192,000. Two Sigma Securities LLC bought a new stake in Tejon Ranch in the second quarter worth about $213,000. Evergreen Capital Management LLC bought a new stake in Tejon Ranch in the third quarter worth about $231,000. Finally, Covestor Ltd raised its position in Tejon Ranch by 5.2% in the third quarter. Covestor Ltd now owns 22,519 shares of the real estate development and agribusiness company's stock worth $365,000 after acquiring an additional 1,120 shares in the last quarter. Institutional investors own 60.63% of the company's stock.

Tejon Ranch Company Profile

Tejon Ranch Co is a diversified land and real estate development company based in California. It manages the approximately 270,000-acre Tejon Ranch, one of the largest contiguous private landholdings in the state, located primarily in Kern County near the southern San Joaquin Valley and the Tejon Pass connecting the Central Valley and the Los Angeles region.

The company's principal activities include commercial, industrial, residential and resort development, as well as agriculture and resource management.

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