Cadiz (NASDAQ:CDZI) Posts Quarterly Earnings Results

Cadiz (NASDAQ:CDZI) posted its quarterly earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06), Zacks reports. Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%.

Cadiz Stock Down 2.3 %

CDZI stock traded down $0.08 during trading on Friday, hitting $3.14. 172,278 shares of the company’s stock traded hands, compared to its average volume of 353,303. The firm has a market capitalization of $238.15 million, a P/E ratio of -6.16 and a beta of 0.96. Cadiz has a 1 year low of $2.12 and a 1 year high of $5.68. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. The business has a fifty day simple moving average of $4.36 and a two-hundred day simple moving average of $3.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Cadiz to a “sell” rating in a report on Wednesday, March 5th.

About Cadiz

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.