Bioceres Crop Solutions (NASDAQ:BIOX) Sees Unusually-High Trading Volume

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) shares saw strong trading volume on Wednesday . 96,945 shares were traded during trading, an increase of 45% from the previous session’s volume of 66,908 shares.The stock last traded at $8.48 and had previously closed at $8.65.

Analysts Set New Price Targets

Several equities analysts have weighed in on BIOX shares. Lake Street Capital decreased their target price on shares of Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Canaccord Genuity Group decreased their price objective on Bioceres Crop Solutions from $17.00 to $12.50 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer cut their target price on Bioceres Crop Solutions from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday. Roth Capital raised Bioceres Crop Solutions to a “strong-buy” rating in a research note on Tuesday, July 2nd. Finally, Canaccord Genuity Group upgraded Bioceres Crop Solutions to a “strong-buy” rating in a report on Friday, July 19th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Bioceres Crop Solutions has an average rating of “Buy” and a consensus price target of $13.63.

Bioceres Crop Solutions Price Performance

The stock has a market cap of $540.08 million, a price-to-earnings ratio of 860.00 and a beta of 0.49. The company has a current ratio of 1.28, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average is $10.49 and its two-hundred day moving average is $11.45.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Bioceres Crop Solutions had a net margin of 0.68% and a return on equity of 0.93%. The firm had revenue of $124.30 million during the quarter, compared to analyst estimates of $126.75 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. As a group, research analysts predict that Bioceres Crop Solutions Corp. will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Bioceres Crop Solutions

Large investors have recently added to or reduced their stakes in the business. Fourth Sail Capital LP grew its stake in shares of Bioceres Crop Solutions by 20.5% during the second quarter. Fourth Sail Capital LP now owns 1,961,825 shares of the company’s stock worth $21,992,000 after purchasing an additional 334,195 shares in the last quarter. Long Focus Capital Management LLC boosted its holdings in Bioceres Crop Solutions by 19.9% in the second quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock valued at $3,145,000 after purchasing an additional 46,647 shares in the last quarter. Wellington Management Group LLP increased its stake in Bioceres Crop Solutions by 3.1% in the fourth 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 during the last quarter. Oak Family Advisors LLC raised its holdings in Bioceres Crop Solutions by 1.9% during the second quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bioceres Crop Solutions by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock worth $688,000 after buying an additional 5,341 shares during the last quarter. 17.68% of the stock is owned by hedge funds and other institutional investors.

Bioceres Crop Solutions Company Profile

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.