Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Crosses Above 50-Day Moving Average – Here’s Why

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.74 and traded as high as $3.85. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.77, with a volume of 92,245 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a report on Monday, December 29th. 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, Brasilagro Cia Brasileira De Propriedades Agricolas currently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 2.1%

The business’s 50-day simple moving average is $3.74 and its two-hundred day simple moving average is $3.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter valued at $37,000. ERn Financial LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 3rd quarter valued at about $50,000. Evelyn Partners Investment Management LLP grew its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company’s stock valued at $71,000 after acquiring an additional 16,435 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% during the second quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company’s stock worth $141,000 after purchasing an additional 14,651 shares during the period. 1.15% of the stock is currently owned by institutional investors and hedge funds.

About Brasilagro Cia Brasileira De Propriedades Agricolas

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.