Alico (NASDAQ:ALCO – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Alico Stock Up 4.2 %
Shares of Alico stock opened at $27.12 on Tuesday. Alico has a twelve month low of $22.58 and a twelve month high of $31.00. The company has a quick ratio of 1.05, a current ratio of 2.52 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $28.10 and its 200 day moving average is $28.09. The company has a market cap of $206.68 million, a price-to-earnings ratio of 5.17 and a beta of 0.86.
Alico (NASDAQ:ALCO – Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported ($2.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($2.06). The firm had revenue of $13.99 million during the quarter, compared to analysts’ expectations of $11.50 million. Alico had a negative return on equity of 14.09% and a net margin of 110.84%. Research analysts anticipate that Alico will post -3.41 EPS for the current year.
Hedge Funds Weigh In On Alico
About Alico
Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.
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