Limoneira (NASDAQ:LMNR) Share Price Passes Above Two Hundred Day Moving Average of $12.81

Limoneira (NASDAQ:LMNRGet Rating)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.81 and traded as high as $13.99. Limoneira shares last traded at $13.69, with a volume of 23,207 shares traded.

Wall Street Analyst Weigh In

Separately, started coverage on shares of Limoneira in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Limoneira Stock Performance

The business’s 50-day moving average price is $12.90 and its 200-day moving average price is $12.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 1.11. The stock has a market cap of $245.24 million, a P/E ratio of -76.89, a P/E/G ratio of 4.24 and a beta of 0.62.

Limoneira (NASDAQ:LMNRGet Rating) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. Limoneira had a negative net margin of 1.37% and a negative return on equity of 0.95%. The firm had revenue of $58.92 million during the quarter, compared to the consensus estimate of $49.87 million. During the same quarter in the previous year, the firm posted $0.20 EPS. As a group, sell-side analysts expect that Limoneira will post 0.04 earnings per share for the current fiscal year.

Limoneira Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Stockholders of record on Monday, October 10th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Thursday, October 6th. Limoneira’s payout ratio is -166.67%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LMNR. Millennium Management LLC purchased a new position in shares of Limoneira during the 2nd quarter valued at $3,862,000. Global Alpha Capital Management Ltd. lifted its stake in shares of Limoneira by 10.8% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 2,086,024 shares of the company’s stock valued at $30,623,000 after buying an additional 203,259 shares in the last quarter. Crown Advisors Management Inc. purchased a new position in shares of Limoneira during the 2nd quarter valued at $2,113,000. Cubist Systematic Strategies LLC purchased a new stake in Limoneira in the 2nd quarter worth $572,000. Finally, Trexquant Investment LP purchased a new stake in Limoneira in the 2nd quarter worth $535,000. Hedge funds and other institutional investors own 43.26% of the company’s stock.

Limoneira Company Profile

(Get Rating)

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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