Limoneira (NASDAQ:LMNR) Shares Pass Above Two Hundred Day Moving Average of $19.37

Limoneira (NASDAQ:LMNR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.37 and traded as high as $20.13. Limoneira shares last traded at $19.96, with a volume of 74,930 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on LMNR. Lake Street Capital raised their target price on shares of Limoneira from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, June 7th. StockNews.com cut shares of Limoneira from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th.

Limoneira Price Performance

The company’s 50 day moving average price is $20.26 and its 200-day moving average price is $19.37. The company has a market cap of $359.48 million, a price-to-earnings ratio of -153.54, a PEG ratio of 10.18 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Global Alpha Capital Management Ltd. boosted its holdings in shares of Limoneira by 0.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 3,006,940 shares of the company’s stock worth $58,816,000 after buying an additional 20,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Limoneira by 1.6% during the first quarter. Vanguard Group Inc. now owns 927,965 shares of the company’s stock worth $18,151,000 after purchasing an additional 14,572 shares during the period. First Wilshire Securities Management Inc. boosted its holdings in shares of Limoneira by 15.9% during the third quarter. First Wilshire Securities Management Inc. now owns 725,884 shares of the company’s stock worth $11,121,000 after purchasing an additional 99,641 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Limoneira by 3.5% during the first quarter. Gamco Investors INC. ET AL now owns 211,403 shares of the company’s stock worth $4,135,000 after purchasing an additional 7,103 shares during the period. Finally, Riverwater Partners LLC boosted its holdings in shares of Limoneira by 26.4% during the first quarter. Riverwater Partners LLC now owns 139,946 shares of the company’s stock worth $2,737,000 after purchasing an additional 29,187 shares during the period. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.