Cadiz (NASDAQ:CDZI) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Cadiz Inc. (NASDAQ:CDZI) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.70 and traded as high as $5.05. Cadiz shares last traded at $4.95, with a volume of 1,869,796 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a research note on Friday, November 15th.

Cadiz Trading Up 9.3 %

The firm has a market capitalization of $372.16 million, a price-to-earnings ratio of -9.71 and a beta of 0.97. The business’s 50-day moving average price is $3.73 and its 200 day moving average price is $3.38. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87.

Insider Buying and Selling

In other Cadiz news, major shareholder International Group Se Heerema acquired 2,070,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $3.34 per share, for a total transaction of $6,913,800.00. Following the acquisition, the insider now directly owns 22,783,965 shares of the company’s stock, valued at $76,098,443.10. This trade represents a 9.99 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Cadiz

A number of hedge funds have recently made changes to their positions in CDZI. SG Americas Securities LLC acquired a new stake in Cadiz in the third quarter valued at $45,000. The Manufacturers Life Insurance Company bought a new stake in shares of Cadiz in the 3rd quarter worth about $58,000. BNP Paribas Financial Markets raised its stake in shares of Cadiz by 27.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after purchasing an additional 4,329 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Cadiz by 70.8% during the third quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Cadiz by 6.8% in the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock worth $145,000 after purchasing an additional 2,995 shares in the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Company Profile

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.