Bioceres Crop Solutions (NASDAQ:BIOX) Trading Up 0.7%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was up 0.7% during trading on Friday . The stock traded as high as $10.66 and last traded at $10.60. Approximately 37,789 shares changed hands during trading, a decline of 38% from the average daily volume of 60,881 shares. The stock had previously closed at $10.53.

Bioceres Crop Solutions Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.22. The firm’s 50 day simple moving average is $11.54 and its 200 day simple moving average is $12.59. The firm has a market capitalization of $665.68 million, a price-to-earnings ratio of 1,060.00 and a beta of 0.59.

Bioceres Crop Solutions (NASDAQ:BIOX) last announced its quarterly earnings data on Wednesday, May 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Bioceres Crop Solutions had a net margin of 0.21% and a return on equity of 0.28%. The business had revenue of $83.98 million for the quarter, compared to analyst estimates of $88.80 million. Sell-side analysts forecast that Bioceres Crop Solutions Corp. will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bioceres Crop Solutions

Several institutional investors have recently made changes to their positions in the company. Activest Wealth Management purchased a new position in shares of Bioceres Crop Solutions during the 1st quarter valued at approximately $30,000. Cape Investment Advisory Inc. purchased a new position in shares of Bioceres Crop Solutions during the 4th quarter valued at approximately $33,000. Wellington Management Group LLP increased its holdings in shares of Bioceres Crop Solutions by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock valued at $3,253,000 after purchasing an additional 7,096 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Bioceres Crop Solutions during the 1st quarter valued at approximately $139,000. Finally, Federated Hermes Inc. increased its holdings in shares of Bioceres Crop Solutions by 8.5% during the 3rd quarter. Federated Hermes Inc. now owns 141,684 shares of the company’s stock valued at $1,600,000 after purchasing an additional 11,057 shares in the last quarter. 17.68% of the stock is owned by hedge funds and other institutional investors.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.