Limoneira (NASDAQ:LMNR) Share Price Passes Above Two Hundred Day Moving Average of $13.77

Limoneira (NASDAQ:LMNRGet Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.77 and traded as high as $13.91. Limoneira shares last traded at $13.83, with a volume of 127,599 shares.

LMNR has been the subject of a number of analyst reports. Lake Street Capital lowered their target price on shares of Limoneira from $23.00 to $19.00 in a research note on Friday, March 11th. Stifel Nicolaus reduced their price target on shares of Limoneira from $20.00 to $16.00 and set a “buy” rating for the company in a report on Monday, March 14th. Finally, StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a report on Monday, June 13th.

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The firm has a market capitalization of $250.56 million, a price-to-earnings ratio of -37.21 and a beta of 1.06. The business’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $13.77.

Limoneira (NASDAQ:LMNRGet Rating) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Limoneira had a negative net margin of 3.63% and a negative return on equity of 3.01%. During the same period in the previous year, the business earned $0.10 earnings per share. Equities research analysts expect that Limoneira will post -0.15 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new position in shares of Limoneira during the fourth quarter valued at about $39,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Limoneira during the fourth quarter valued at about $65,000. Metropolitan Life Insurance Co NY acquired a new position in shares of Limoneira during the third quarter valued at about $74,000. Penserra Capital Management LLC grew its holdings in shares of Limoneira by 151.3% during the first quarter. Penserra Capital Management LLC now owns 6,062 shares of the company’s stock valued at $88,000 after buying an additional 3,650 shares during the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new position in shares of Limoneira during the fourth quarter valued at about $150,000. Hedge funds and other institutional investors own 47.03% of the company’s stock.

About Limoneira (NASDAQ:LMNR)

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, pistachios, and wine grapes.

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