BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Stock Price Passes Below 50-Day Moving Average – Here’s Why

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.88 and traded as low as $3.56. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas shares last traded at $3.62, with a volume of 57,716 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Stock Performance

The firm’s 50-day simple moving average is $3.88 and its two-hundred day simple moving average is $4.38. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $371.71 million, a PE ratio of 6.81 and a beta of 0.82.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $82.46 million for the quarter.

Institutional Trading of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

An institutional investor recently raised its position in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas stock. Renaissance Technologies LLC grew its stake in shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,735 shares of the company’s stock after acquiring an additional 8,235 shares during the period. Renaissance Technologies LLC owned 0.07% of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas worth $335,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.15% of the company’s stock.

About BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.