Cadiz (NASDAQ:CDZI - Get Free Report) was upgraded by equities researchers at StockNews.com to a "sell" rating in a research note issued to investors on Wednesday.
Cadiz Stock Down 8.1 %
CDZI stock traded down $0.32 during trading on Wednesday, hitting $3.64. 3,377,229 shares of the company's stock were exchanged, compared to its average volume of 753,130. The business has a 50-day moving average price of $4.82 and a two-hundred day moving average price of $3.91. The stock has a market capitalization of $273.67 million, a price-to-earnings ratio of -7.14 and a beta of 0.96. Cadiz has a 52-week low of $2.12 and a 52-week high of $5.68. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88.
Institutional Investors Weigh In On Cadiz
Several institutional investors have recently added to or reduced their stakes in CDZI. Whitefort Capital Management LP purchased a new stake in Cadiz during the fourth quarter worth approximately $19,344,000. B. Riley Financial Inc. lifted its stake in Cadiz by 825.2% during the fourth quarter. B. Riley Financial Inc. now owns 1,733,972 shares of the company's stock worth $9,017,000 after purchasing an additional 1,546,554 shares during the last quarter. Rangeley Capital LLC purchased a new stake in Cadiz in the fourth quarter valued at approximately $3,432,000. Bank of America Corp DE lifted its stake in Cadiz by 911.7% in the fourth quarter. Bank of America Corp DE now owns 630,394 shares of the company's stock valued at $3,278,000 after buying an additional 568,084 shares during the last quarter. Finally, Gratia Capital LLC purchased a new stake in Cadiz in the fourth quarter valued at approximately $1,664,000. Hedge funds and other institutional investors own 79.75% of the company's stock.
About Cadiz
(
Get Free Report)
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.
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