Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.82 and traded as low as $3.71. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.73, with a volume of 31,695 shares changing hands.

Wall Street Analysts Forecast Growth

LND has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research report on Wednesday, October 8th. Itau BBA Securities downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas presently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 0.3%

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.79 and a quick ratio of 0.94. The firm has a market capitalization of $384.04 million, a P/E ratio of 7.17 and a beta of 0.51. The company’s 50-day simple moving average is $3.82 and its two-hundred day simple moving average is $3.80.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.11 earnings per share for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a net margin of 11.99% and a return on equity of 6.47%. The business had revenue of $60.14 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter worth approximately $37,000. Evelyn Partners Investment Management LLP raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the second quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company’s stock worth $71,000 after acquiring an additional 16,435 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% in the second quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company’s stock worth $141,000 after acquiring an additional 14,651 shares during the period. 1.15% of the stock is currently owned by institutional investors.

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.