Limoneira (NASDAQ:LMNR) Stock Rating Lowered by StockNews.com

Limoneira (NASDAQ:LMNR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Limoneira Trading Down 2.4 %

Shares of LMNR stock opened at $22.50 on Tuesday. The company’s 50-day moving average price is $24.97 and its 200-day moving average price is $24.99. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 0.21. The stock has a market cap of $406.80 million, a price-to-earnings ratio of 59.21 and a beta of 0.52. Limoneira has a twelve month low of $17.37 and a twelve month high of $29.22.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LMNR. Van ECK Associates Corp lifted its position in Limoneira by 77.5% in the fourth quarter. Van ECK Associates Corp now owns 2,581 shares of the company’s stock valued at $63,000 after buying an additional 1,127 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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. SG Americas Securities LLC acquired a new position in Limoneira in the third quarter valued at about $153,000. Legacy Capital Group California Inc. acquired a new position in Limoneira in the third quarter valued at about $206,000. Finally, JPMorgan Chase & Co. lifted its position in Limoneira by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 9,086 shares of the company’s stock valued at $241,000 after buying an additional 1,981 shares during the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

About Limoneira

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.