Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Breaks Below 50 Day Moving Average – Here’s Why

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) shares crossed below its fifty day moving average during trading on Monday. The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas has a consensus rating of “Sell”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 1.3%

The stock has a market capitalization of $354.86 million, a price-to-earnings ratio of -20.33 and a beta of 0.04. The firm has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $3.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 0.77.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) last posted its earnings results on Friday, September 4th. The company reported ($0.03) earnings per share for the quarter. The firm 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 Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the 1st quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after acquiring an additional 119,700 shares in the last quarter. SmartHarvest Portfolios LLC increased its holdings in 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 valued at $92,000 after purchasing an additional 2,691 shares in the last quarter. Finally, Banco BTG Pactual S.A. bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at $265,000. 1.15% of the stock is owned by 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.