Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.67 and traded as low as $3.60. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.61, with a volume of 62,685 shares trading hands.

Analyst Ratings Changes

LND has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Monday. Itau BBA Securities downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from an “outperform” rating to a “market perform” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The firm’s 50-day moving average is $3.67 and its 200 day moving average is $3.77. The stock has a market cap of $370.67 million, a PE ratio of -120.33 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.67.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors and hedge funds have recently made changes to their positions in LND. EverSource Wealth Advisors LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter worth about $37,000. ERn Financial LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 3rd quarter valued at about $50,000. Evelyn Partners Investment Management LLP raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company’s stock valued at $71,000 after acquiring an additional 16,435 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company’s stock valued at $141,000 after acquiring an additional 14,651 shares during the last quarter. 1.15% of the stock is owned by hedge funds and other institutional investors.

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.