Tejon Ranch (NYSE:TRC) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Tejon Ranch Co. (NYSE:TRC)’s share price 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.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tejon Ranch to a “sell” rating in a report on Wednesday, August 7th.

Tejon Ranch Trading Down 1.9 %

The firm has a market cap of $438.24 million, a P/E ratio of 272.33 and a beta of 0.58. The stock has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $17.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.95 and a current ratio of 3.43.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Tuesday, August 6th. The real estate development and agribusiness company reported $0.04 EPS for the quarter, topping 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 business had revenue of $5.69 million during the quarter, compared to analyst estimates of $7.50 million. On average, research analysts expect that Tejon Ranch Co. will post 0.02 earnings per share for the current fiscal year.

Institutional Trading of Tejon Ranch

Large investors have recently modified their holdings of the company. Quent Capital LLC bought a new stake in shares of Tejon Ranch in the first quarter worth $37,000. Signaturefd LLC grew its holdings in shares of Tejon Ranch by 1,267.2% in the second quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after acquiring an additional 2,395 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Tejon Ranch by 65.7% in the first quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock worth $157,000 after acquiring an additional 4,051 shares during the period. SG Americas Securities LLC grew its holdings in shares of Tejon Ranch by 39.2% in the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock worth $192,000 after acquiring an additional 3,170 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in shares of Tejon Ranch by 286.1% in the first quarter. EntryPoint Capital LLC now owns 14,740 shares of the real estate development and agribusiness company’s stock worth $227,000 after acquiring an additional 10,922 shares during the period. 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.