Landec (NASDAQ:LNDC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other analysts have also commented on LNDC. Maxim Group restated a “buy” rating and issued a $18.00 price target on shares of Landec in a report on Wednesday, November 29th. Zacks Investment Research lowered Landec from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Finally, Sidoti initiated coverage on Landec in a report on Wednesday, December 13th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Landec currently has a consensus rating of “Buy” and an average price target of $15.33.
Shares of Landec (NASDAQ:LNDC) traded down $0.15 during trading on Wednesday, hitting $14.30. The stock had a trading volume of 7,229 shares, compared to its average volume of 59,860. The company has a market capitalization of $396.49, a price-to-earnings ratio of 44.69 and a beta of 1.01. Landec has a 12 month low of $11.20 and a 12 month high of $14.95. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in Landec during the third quarter worth about $141,000. MetLife Investment Advisors LLC bought a new stake in Landec during the fourth quarter worth about $177,000. Citadel Advisors LLC bought a new stake in Landec during the third quarter worth about $188,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Landec during the third quarter worth about $241,000. Finally, First Trust Advisors LP bought a new stake in Landec during the third quarter worth about $281,000. Institutional investors and hedge funds own 93.74% of the company’s stock.
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Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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