Tejon Ranch (NYSE:TRC) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Tejon Ranch Co. (NYSE:TRC - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.21 and traded as low as $16.30. Tejon Ranch shares last traded at $16.34, with a volume of 77,387 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Tejon Ranch to a "sell" rating in a research note on Wednesday, August 7th.

Tejon Ranch Trading Up 0.2 %

The company's 50-day moving average is $17.39 and its 200 day moving average is $17.21. The company has a current ratio of 3.43, a quick ratio of 2.95 and a debt-to-equity ratio of 0.11. The firm has a market cap of $439.04 million, a PE ratio of 272.33 and a beta of 0.58.

Tejon Ranch (NYSE:TRC - Get Free Report) last released its earnings results on Tuesday, August 6th. The real estate development and agribusiness company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.07. Tejon Ranch had a return on equity of 0.26% and a net margin of 3.21%. The company had revenue of $5.69 million during the quarter, compared to analyst estimates of $7.50 million. As a group, sell-side analysts predict that Tejon Ranch Co. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Tejon Ranch

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of Tejon Ranch by 2.3% in the second quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company's stock worth $579,000 after acquiring an additional 770 shares during the last quarter. Accordant Advisory Group Inc grew its stake in shares of Tejon Ranch by 3.7% in the 3rd quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company's stock valued at $568,000 after buying an additional 1,169 shares in the last quarter. Gabelli Funds LLC increased its holdings in Tejon Ranch by 1.4% in the first quarter. Gabelli Funds LLC now owns 142,200 shares of the real estate development and agribusiness company's stock worth $2,191,000 after buying an additional 2,000 shares during the last quarter. Quent Capital LLC acquired a new position in Tejon Ranch in the first quarter worth approximately $37,000. Finally, Signaturefd LLC raised its position in Tejon Ranch by 1,267.2% during the second quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company's stock valued at $44,000 after acquiring an additional 2,395 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company's stock.

Tejon Ranch Company Profile

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.