StockNews.com Upgrades Cadiz (NASDAQ:CDZI) to Sell

StockNews.com upgraded shares of Cadiz (NASDAQ:CDZI) to a sell rating in a report issued on Wednesday morning.

Cadiz Stock Down 11.0 %

CDZI stock opened at $3.88 on Wednesday. Cadiz has a twelve month low of $2.12 and a twelve month high of $5.68. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. The company has a market capitalization of $291.71 million, a P/E ratio of -7.61 and a beta of 0.96. The firm has a 50 day simple moving average of $4.84 and a 200-day simple moving average of $3.91.

Institutional Trading of Cadiz

Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Cadiz by 7.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company’s stock worth $311,000 after purchasing an additional 3,922 shares during the period. BNP Paribas Financial Markets boosted its holdings in Cadiz by 27.0% in the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock worth $62,000 after purchasing an additional 4,329 shares during the period. SG Americas Securities LLC boosted its holdings in Cadiz by 31.6% in the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company’s stock worth $103,000 after purchasing an additional 4,737 shares during the period. Barclays PLC boosted its holdings in Cadiz by 10.8% in the fourth quarter. Barclays PLC now owns 66,724 shares of the company’s stock worth $347,000 after purchasing an additional 6,507 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Cadiz by 45.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,611 shares of the company’s stock worth $112,000 after purchasing an additional 6,707 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.

About Cadiz

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.