Mission Produce (NASDAQ:AVO) Shares Down 2.8% - Time to Sell?

Mission Produce, Inc. (NASDAQ:AVO - Get Free Report) fell 2.8% during mid-day trading on Tuesday . The company traded as low as $14.00 and last traded at $14.04. 83,719 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 235,267 shares. The stock had previously closed at $14.44.

Analyst Ratings Changes

A number of research firms have weighed in on AVO. Roth Mkm boosted their target price on shares of Mission Produce from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Lake Street Capital reissued a "buy" rating and issued a $15.00 price objective on shares of Mission Produce in a research note on Tuesday, September 10th.

Mission Produce Price Performance

The firm has a market capitalization of $1.02 billion, a P/E ratio of 43.61 and a beta of 0.54. The company has a fifty day moving average of $12.88 and a 200 day moving average of $11.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40.

Hedge Funds Weigh In On Mission Produce

Several hedge funds and other institutional investors have recently bought and sold shares of AVO. Virtu Financial LLC bought a new stake in Mission Produce in the third quarter worth approximately $440,000. Barclays PLC grew its position in shares of Mission Produce by 308.8% during the 3rd quarter. Barclays PLC now owns 67,092 shares of the company's stock worth $860,000 after buying an additional 50,680 shares during the period. Geode Capital Management LLC increased its stake in shares of Mission Produce by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company's stock valued at $13,797,000 after acquiring an additional 22,090 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Mission Produce by 113.1% during the 3rd quarter. XTX Topco Ltd now owns 40,861 shares of the company's stock valued at $524,000 after acquiring an additional 21,682 shares during the period. Finally, Jane Street Group LLC boosted its stake in Mission Produce by 171.9% during the third quarter. Jane Street Group LLC now owns 158,257 shares of the company's stock worth $2,029,000 after acquiring an additional 100,055 shares in the last quarter. Institutional investors and hedge funds own 63.57% of the company's stock.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.