Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.66 and traded as low as $3.53. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.55, with a volume of 22,474 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LND. Itau BBA Securities cut Brasilagro Cia Brasileira De Propriedades Agricolas from an “outperform” rating to a “market perform” rating in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Monday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The company has a quick ratio of 0.93, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $3.65 and a 200 day moving average price of $3.76. The stock has a market cap of $365.03 million, a P/E ratio of -118.50 and a beta of 0.28.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Several institutional investors and hedge funds have recently made changes to their positions in the business. ERn Financial LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the third quarter worth about $50,000. EverSource Wealth Advisors LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter valued at about $37,000. Evelyn Partners Investment Management LLP grew its stake 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 worth $71,000 after acquiring an additional 16,435 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of 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 acquiring an additional 14,651 shares during the period. 1.15% of the stock is currently owned by institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

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.