Tejon Ranch (NYSE:TRC) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Tejon Ranch Co (NYSE:TRC) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $18.21 and traded as low as $16.04. Tejon Ranch shares last traded at $16.4320, with a volume of 115,054 shares.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Tejon Ranch from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tejon Ranch currently has an average rating of “Hold”.

Tejon Ranch Stock Performance

The company has a market capitalization of $443.99 million, a P/E ratio of 71.44 and a beta of 0.57. The firm has a 50 day moving average price of $16.55 and a two-hundred day moving average price of $18.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 2.92.

Tejon Ranch (NYSE:TRC) last issued its earnings results on Thursday, August 6th. The real estate development and agribusiness company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $14.26 million during the quarter, compared to analysts’ expectations of $8.64 million. Tejon Ranch had a return on equity of 1.23% and a net margin of 10.62%. On average, research analysts expect that Tejon Ranch Co will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cibc World Market Inc. grew its holdings in shares of Tejon Ranch by 1.0% in the 4th quarter. Cibc World Market Inc. now owns 102,150 shares of the real estate development and agribusiness company’s stock worth $1,611,000 after purchasing an additional 1,000 shares during the last quarter. Legal & General Group Plc bought a new position in Tejon Ranch during the 2nd quarter valued at about $40,000. Gamco Investors INC. ET AL lifted its holdings in Tejon Ranch by 0.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 737,939 shares of the real estate development and agribusiness company’s stock valued at $13,903,000 after purchasing an additional 5,113 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Tejon Ranch in the fourth quarter valued at about $87,000. Finally, Oppenheimer & Close LLC boosted its position in Tejon Ranch by 7.6% in the fourth quarter. Oppenheimer & Close LLC now owns 141,681 shares of the real estate development and agribusiness company’s stock valued at $2,234,000 after buying an additional 10,000 shares in the last quarter. 60.63% of the stock is owned by institutional investors.

Tejon Ranch Company Profile

Tejon Ranch Co (NYSE: TRC) is a diversified real estate development and natural resources company based in California. Its operations are centered on the Tejon Ranch, a large, contiguous property located near the junction of Interstate 5 and State Route 99, north of Los Angeles and south of Bakersfield.

The company develops and manages residential, commercial, and industrial properties on and around the ranch. Its projects include Tejon Ranch Commerce Center, a logistics and industrial development; Tejon Ranch Outlets, a retail shopping destination; and Centennial, a planned master-planned community.