Adecoagro S.A. (NYSE:AGRO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.70, but opened at $9.50. Adecoagro shares last traded at $9.84, with a volume of 5,288 shares changing hands.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Adecoagro from a “buy” rating to a “hold” rating in a research note on Friday, July 9th. TheStreet lowered Adecoagro from a “b-” rating to a “c+” rating in a research note on Thursday, July 1st.
The firm has a 50 day simple moving average of $9.36 and a two-hundred day simple moving average of $9.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.02 and a quick ratio of 1.02. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 11.02 and a beta of 1.31.
About Adecoagro (NYSE:AGRO)
Adecoagro SA is a holding company, which engages in the provision of agricultural and agro-industrial products and services. It operates through the following segments: Farming; Sugar, Ethanol, and Energy; and Land Transformation. The Farming segment comprises planting, harvesting, processing, and marketing of rice; production and sale of raw milk; and other dairy products.
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