Bioceres Crop Solutions (NASDAQ:BIOX) Shares Up 8.5% – Here’s What Happened

Bioceres Crop Solutions Corp. (NASDAQ:BIOX)’s stock price traded up 8.5% on Thursday . The stock traded as high as $0.45 and last traded at $0.4499. 123,992 shares traded hands during trading, a decline of 21% from the average daily volume of 155,976 shares. The stock had previously closed at $0.4147.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Bioceres Crop Solutions from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Bioceres Crop Solutions Trading Up 8.5%

The company’s 50 day simple moving average is $0.36 and its 200-day simple moving average is $0.46. The firm has a market cap of $28.45 million, a P/E ratio of -0.12 and a beta of 0.41. The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 0.57.

Institutional Investors Weigh In On Bioceres Crop Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in Bioceres Crop Solutions by 3,535.8% in the first quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock worth $25,000 after purchasing an additional 5,339 shares during the period. Bank of America Corp DE boosted its stake in shares of Bioceres Crop Solutions by 186.7% during the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after purchasing an additional 3,735 shares during the period. Virtu Financial LLC purchased a new stake in shares of Bioceres Crop Solutions during the third quarter valued at $40,000. Invesco Ltd. bought a new position in shares of Bioceres Crop Solutions in the fourth quarter worth about $45,000. Finally, PDT Partners LLC increased its stake in Bioceres Crop Solutions by 58.9% in the 2nd quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock worth $126,000 after buying an additional 10,449 shares during the period. 17.68% of the stock is owned by institutional investors.

Bioceres Crop Solutions Company Profile

Bioceres Crop Solutions Corp. is an agricultural biotechnology company focused on developing, manufacturing and commercializing a range of crop inputs designed to enhance yields and improve sustainability. The company’s portfolio includes biological seed treatments, inoculants for nitrogen fixation, specialty fertilizers and proprietary biopesticides, which are formulated to support plant health and resilience under varying environmental conditions.

Among its flagship offerings is the HB4 drought-tolerant wheat technology, the first genetically modified wheat developed to withstand water stress, which has received regulatory approval in several markets.