Bioceres Crop Solutions (NASDAQ:BIOX) Shares Down 1.3% – Time to Sell?

Bioceres Crop Solutions Corp. (NASDAQ:BIOX)’s share price dropped 1.3% on Monday . The company traded as low as $1.55 and last traded at $1.55. Approximately 646,612 shares changed hands during trading, an increase of 87% from the average daily volume of 345,112 shares. The stock had previously closed at $1.57.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of Bioceres Crop Solutions from $2.50 to $2.25 and set a “hold” rating on the stock in a report on Friday, November 14th. Wall Street Zen upgraded Bioceres Crop Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Oppenheimer downgraded Bioceres Crop Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 22nd. Brookline Capital Management lowered Bioceres Crop Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research note on Monday. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.08.

Bioceres Crop Solutions Stock Down 1.3%

The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $1.68 and a 200 day simple moving average of $2.76.

Hedge Funds Weigh In On Bioceres Crop Solutions

Several hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Bioceres Crop Solutions by 3,535.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock worth $25,000 after purchasing an additional 5,339 shares in the last quarter. Bank of America Corp DE grew its position in shares of Bioceres Crop Solutions by 186.8% during the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after purchasing an additional 3,735 shares in the last quarter. PDT Partners LLC bought a new position in shares of Bioceres Crop Solutions in the first quarter worth $81,000. Avanza Fonder AB increased its holdings in shares of Bioceres Crop Solutions by 62.9% in the second quarter. Avanza Fonder AB now owns 26,164 shares of the company’s stock worth $117,000 after purchasing an additional 10,099 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Bioceres Crop Solutions in the third quarter worth $40,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.