Limoneira (NASDAQ:LMNR) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Limoneira (NASDAQ:LMNR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.95 and traded as high as $27.64. Limoneira shares last traded at $26.84, with a volume of 29,406 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on LMNR shares. Lake Street Capital restated a “hold” rating and set a $25.00 price objective on shares of Limoneira in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, B. Riley lifted their price objective on Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.33.

Limoneira Stock Up 0.7 %

The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $27.08 and a 200-day simple moving average of $24.00. The company has a market cap of $487.71 million, a PE ratio of 93.17 and a beta of 0.49.

Limoneira Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Monday, October 7th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, October 7th. Limoneira’s payout ratio is presently 103.45%.

Institutional Trading of Limoneira

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of Limoneira by 14.3% in the third quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company’s stock valued at $92,000 after buying an additional 436 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Limoneira by 7.4% in the second quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock valued at $473,000 after buying an additional 1,565 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Limoneira by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 129,738 shares of the company’s stock worth $2,700,000 after purchasing an additional 1,934 shares during the period. Gabelli Funds LLC increased its stake in Limoneira by 2.5% during the 2nd quarter. Gabelli Funds LLC now owns 123,300 shares of the company’s stock worth $2,566,000 after buying an additional 3,000 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Limoneira by 32.9% in the second quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock valued at $462,000 after acquiring an additional 5,498 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.