Bioceres Crop Solutions (NASDAQ:BIOX) Shares Up 4.5% - Here's Why

Bioceres Crop Solutions Corp. (NASDAQ:BIOX - Get Free Report)'s share price traded up 4.5% on Wednesday . The company traded as high as $4.39 and last traded at $4.38. 163,361 shares changed hands during trading, an increase of 5% from the average session volume of 156,314 shares. The stock had previously closed at $4.19.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Lake Street Capital cut their target price on shares of Bioceres Crop Solutions from $13.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Oppenheimer reduced their price objective on Bioceres Crop Solutions from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Tuesday, January 28th. Finally, Canaccord Genuity Group decreased their price target on shares of Bioceres Crop Solutions from $7.00 to $6.50 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $9.88.

Bioceres Crop Solutions Stock Performance

The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a market cap of $307.28 million, a P/E ratio of 245.12 and a beta of 0.73. The business's 50 day simple moving average is $5.27 and its 200 day simple moving average is $6.39.

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Institutional Investors Weigh In On Bioceres Crop Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Bioceres Crop Solutions by 49.3% during the third quarter. JPMorgan Chase & Co. now owns 89,973 shares of the company's stock valued at $708,000 after purchasing an additional 29,693 shares during the period. Stifel Financial Corp lifted its stake in Bioceres Crop Solutions by 33.4% in the third quarter. Stifel Financial Corp now owns 40,790 shares of the company's stock worth $321,000 after acquiring an additional 10,224 shares during the period. Fourth Sail Capital LP boosted its stake in shares of Bioceres Crop Solutions by 16.6% during the fourth quarter. Fourth Sail Capital LP now owns 3,698,961 shares of the company's stock valued at $22,490,000 after purchasing an additional 527,859 shares in the last quarter. Ping Capital Management Inc. increased its holdings in shares of Bioceres Crop Solutions by 7.3% in the 4th quarter. Ping Capital Management Inc. now owns 44,000 shares of the company's stock valued at $268,000 after acquiring an additional 3,000 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Bioceres Crop Solutions by 186.8% during the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company's stock valued at $35,000 after buying an additional 3,735 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.