Tejon Ranch (NYSE:TRC) Stock Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

Tejon Ranch Co (NYSE:TRC)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $17.91 and traded as low as $16.02. Tejon Ranch shares last traded at $16.1870, with a volume of 142,541 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Tejon Ranch from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Tejon Ranch presently has a consensus rating of “Hold”.

Tejon Ranch Stock Up 4.0%

The firm’s 50-day moving average price is $16.27 and its 200 day moving average price is $17.87. The firm has a market capitalization of $450.53 million, a price-to-earnings ratio of 69.74 and a beta of 0.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.06.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings data 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. Tejon Ranch had a net margin of 10.62% and a return on equity of 1.23%. The business had revenue of $14.26 million during the quarter, compared to analysts’ expectations of $8.64 million. Sell-side analysts expect that Tejon Ranch Co will post 0.18 EPS for the current year.

Hedge Funds Weigh In On Tejon Ranch

Several hedge funds have recently bought and sold shares of the stock. Nitor Capital Management LLC acquired a new position in Tejon Ranch in the 2nd quarter valued at about $33,640,000. Bank of New York Mellon Corp purchased a new stake in shares of Tejon Ranch during the second quarter worth about $1,398,000. BlackRock Inc. purchased a new stake in shares of Tejon Ranch during the second quarter worth about $30,383,000. Sei Investments Co. grew its holdings in shares of Tejon Ranch by 98.8% during the first quarter. Sei Investments Co. now owns 168,854 shares of the real estate development and agribusiness company’s stock worth $3,181,000 after buying an additional 83,921 shares in the last quarter. Finally, Cibc World Market Inc. acquired a new position in shares of Tejon Ranch in the second quarter valued at approximately $1,869,000. Hedge funds and other 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.