Alico (NASDAQ:ALCO) Stock Price Crosses Above Two Hundred Day Moving Average of $27.36

Alico, Inc. (NASDAQ:ALCO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.36 and traded as high as $28.77. Alico shares last traded at $28.68, with a volume of 23,018 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Alico to a “sell” rating in a report on Thursday, August 29th.

Alico Stock Up 4.7 %

The company has a quick ratio of 0.90, a current ratio of 2.67 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $27.77 and a 200-day moving average price of $27.36. The stock has a market capitalization of $218.54 million, a P/E ratio of 5.46 and a beta of 0.78.

Alico (NASDAQ:ALCO) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.02). Alico had a negative return on equity of 6.72% and a net margin of 56.13%. The company had revenue of $13.61 million for the quarter, compared to the consensus estimate of $17.80 million. As a group, research analysts forecast that Alico, Inc. will post -5.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Alico

Several large investors have recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC increased its stake in Alico by 7.4% during the second quarter. Transcend Capital Advisors LLC now owns 9,267 shares of the company’s stock worth $240,000 after acquiring an additional 640 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Alico by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 60,233 shares of the company’s stock worth $1,561,000 after acquiring an additional 846 shares during the last quarter. Empowered Funds LLC increased its stake in Alico by 8.2% during the first quarter. Empowered Funds LLC now owns 13,913 shares of the company’s stock worth $407,000 after acquiring an additional 1,050 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Alico by 80.1% during the first quarter. BNP Paribas Financial Markets now owns 3,582 shares of the company’s stock worth $105,000 after acquiring an additional 1,593 shares during the last quarter. Finally, LDR Capital Management LLC increased its stake in Alico by 16.9% during the first quarter. LDR Capital Management LLC now owns 20,541 shares of the company’s stock worth $601,000 after acquiring an additional 2,965 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.