SLC Agrícola (OTCMKTS:SLCJY) Shares Gap Up – Should You Buy?

SLC Agrícola S.A. (OTCMKTS:SLCJY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $3.12, but opened at $3.50. SLC Agrícola shares last traded at $3.50, with a volume of 4,000 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of SLC Agrícola to a “hold” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

SLC Agrícola Stock Performance

The company has a 50-day moving average of $3.06 and a 200-day moving average of $3.12.

About SLC Agrícola

SLC Agrícola SA is a Brazilian agribusiness company engaged in the production and commercialization of agricultural commodities. Its principal crops include soybeans, cotton and corn, which are cultivated on large-scale farms using mechanized production systems and agricultural technology.

Founded in 1977, the company is part of the SLC Group and has developed an integrated operating model covering land development, crop production, harvesting and the sale of agricultural products. SLC Agrícola also produces cotton fiber and related byproducts, as well as soybean and corn, serving domestic and international commodity markets.

The company operates agricultural properties in Brazil’s major farming regions, including states such as Mato Grosso, Bahia, Maranhão, Piauí, Goiás and Minas Gerais.