Alico (NASDAQ:ALCO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Alico, Inc. (NASDAQ:ALCO)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.87 and traded as high as $29.61. Alico shares last traded at $29.03, with a volume of 81,041 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Alico to a “sell” rating in a research report on Friday, February 14th.

Alico Stock Performance

The firm has a market cap of $221.73 million, a PE ratio of -4.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37. The stock has a 50-day moving average price of $29.52 and a 200 day moving average price of $27.87.

Alico (NASDAQ:ALCO) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. Research analysts forecast that Alico, Inc. will post -0.37 earnings per share for the current year.

Alico Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Friday, December 27th. Alico’s dividend payout ratio (DPR) is presently -3.38%.

Institutional Investors Weigh In On Alico

A number of institutional investors have recently added to or reduced their stakes in ALCO. Perritt Capital Management Inc grew its position in Alico by 66.7% during the fourth quarter. Perritt Capital Management Inc now owns 5,000 shares of the company’s stock valued at $130,000 after acquiring an additional 2,000 shares during the period. Wells Fargo & Company MN grew its position in Alico by 21.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,177 shares of the company’s stock valued at $134,000 after acquiring an additional 908 shares during the period. Harbor Advisors LLC purchased a new stake in Alico during the third quarter valued at about $215,000. Barclays PLC grew its position in Alico by 229.2% during the third quarter. Barclays PLC now owns 9,336 shares of the company’s stock valued at $261,000 after acquiring an additional 6,500 shares during the period. Finally, Riverwater Partners LLC purchased a new stake in Alico during the fourth quarter valued at about $273,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.