Alico (NASDAQ:ALCO – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.
Alico Stock Down 9.4 %
ALCO stock traded down $2.71 during midday trading on Tuesday, hitting $26.02. The company’s stock had a trading volume of 86,873 shares, compared to its average volume of 24,641. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.52 and a quick ratio of 1.05. The company’s fifty day moving average price is $28.10 and its 200 day moving average price is $28.10. The stock has a market capitalization of $198.27 million, a P/E ratio of 4.13 and a beta of 0.86. Alico has a twelve month low of $22.58 and a twelve month high of $31.00.
Alico (NASDAQ:ALCO – Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($2.06). The company had revenue of $13.99 million for the quarter, compared to the consensus estimate of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. As a group, equities research analysts predict that Alico will post -3.41 EPS for the current year.
Institutional Trading of Alico
Alico Company Profile
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.
Further Reading
- Five stocks we like better than Alico
- Roth IRA Calculator: Calculate Your Potential Returns
- Garmin Navigates to New Highs Driven By Wearables Trend
- Most Volatile Stocks, What Investors Need to Know
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- Investing in Travel Stocks Benefits
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Alico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alico and related companies with MarketBeat.com's FREE daily email newsletter.