Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND – Get Free Report) passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $3.66 and traded as low as $3.63. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.64, with a volume of 75,939 shares traded.

Analyst Upgrades and Downgrades

LND has been the topic of a number of analyst reports. Wall Street Zen upgraded Brasilagro Cia Brasileira De Propriedades Agricolas to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Brasilagro Cia Brasileira De Propriedades Agricolas

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The company has a quick ratio of 0.77, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock’s 50-day simple moving average is $3.66 and its two-hundred day simple moving average is $3.73. The company has a market capitalization of $372.21 million, a price-to-earnings ratio of -21.32 and a beta of 0.07.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND – Get Free Report) last posted its quarterly earnings data on Friday, September 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 9.93% and a negative return on equity of 4.36%. The company had revenue of $55.92 million for the quarter.

Insider Buying and Selling at Brasilagro Cia Brasileira De Propriedades Agricolas

In related news, Director Alejandro Elsztain purchased 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction that occurred on Friday, October 2nd. The stock was purchased at an average price of $3.48 per share, for a total transaction of $52,200.00. Following the transaction, the director directly owned 715,370 shares in the company, valued at approximately $2,489,487.60. This trade represents a 2.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have bought 41,750 shares of company stock worth $148,228. 0.73% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A hedge fund recently raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. Renaissance Technologies LLC boosted its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND – Free Report) by 604.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,500 shares of the company’s stock after buying an additional 119,700 shares during the period. Renaissance Technologies LLC owned 0.14% of Brasilagro Cia Brasileira De Propriedades Agricolas worth $590,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.15% of the company’s stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

(Get Free Report)

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.

Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.

Further Reading

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