StockNews.com Upgrades Cadiz (NASDAQ:CDZI) to “Sell”

Cadiz (NASDAQ:CDZI) was upgraded by research analysts at StockNews.com to a “sell” rating in a research note issued to investors on Wednesday.

Cadiz Price Performance

Shares of Cadiz stock opened at $3.96 on Wednesday. The firm has a market cap of $297.73 million, a PE ratio of -7.76 and a beta of 0.96. The company’s fifty day simple moving average is $4.83 and its two-hundred day simple moving average is $3.91. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. Cadiz has a 12-month low of $2.12 and a 12-month high of $5.68.

Institutional Investors Weigh In On Cadiz

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in Cadiz in the third quarter worth $58,000. BNP Paribas Financial Markets lifted its position 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 worth $62,000 after purchasing an additional 4,329 shares during the period. B. Riley Financial Inc. boosted its stake in shares of Cadiz by 125.8% during the 3rd quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after purchasing an additional 104,400 shares in the last quarter. Barclays PLC increased its position in shares of Cadiz by 315.6% during the third quarter. Barclays PLC now owns 60,217 shares of the company’s stock valued at $183,000 after buying an additional 45,728 shares during the period. Finally, Geode Capital Management LLC raised its stake in Cadiz by 3.2% in the third quarter. Geode Capital Management LLC now owns 989,296 shares of the company’s stock worth $2,998,000 after buying an additional 30,354 shares in the last quarter. 79.75% of the stock is currently owned by institutional investors.

About Cadiz

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.