Cadiz (NASDAQ:CDZI) Shares Pass Below 200-Day Moving Average of $2.58

Cadiz Inc. (NASDAQ:CDZIGet Rating) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.58 and traded as low as $1.92. Cadiz shares last traded at $1.94, with a volume of 171,961 shares.

A number of equities analysts have issued reports on CDZI shares. B. Riley cut their price objective on shares of Cadiz from $17.50 to $15.00 in a report on Monday, May 16th. StockNews.com raised shares of Cadiz to a “sell” rating in a report on Tuesday, May 24th.

The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $98.49 million, a PE ratio of -2.31 and a beta of 0.11. The stock’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.58.

Cadiz (NASDAQ:CDZIGet Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.16) EPS for the quarter. The business had revenue of $0.14 million for the quarter. Cadiz had a negative return on equity of 92.99% and a negative net margin of 5,505.64%. As a group, analysts anticipate that Cadiz Inc. will post -0.53 earnings per share for the current fiscal year.

In other news, Director Keith Brackpool acquired 100,000 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $200,000.00. Following the purchase, the director now owns 1,798,091 shares of the company’s stock, valued at approximately $3,596,182. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Winston H. Hickox acquired 44,410 shares of the stock in a transaction that occurred on Friday, April 1st. The stock was purchased at an average price of $2.12 per share, for a total transaction of $94,149.20. Following the completion of the purchase, the director now directly owns 40,098 shares in the company, valued at approximately $85,007.76. The disclosure for this purchase can be found here. Insiders have bought a total of 3,006,937 shares of company stock worth $5,306,102 over the last quarter. Company insiders own 5.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CDZI. First Quadrant L P CA grew its holdings in Cadiz by 233.3% during the 4th quarter. First Quadrant L P CA now owns 9,000 shares of the company’s stock valued at $35,000 after buying an additional 6,300 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Cadiz by 130.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,068 shares of the company’s stock valued at $36,000 after buying an additional 2,867 shares in the last quarter. Cullen Capital Management LLC purchased a new position in Cadiz during the 4th quarter valued at about $39,000. Sheaff Brock Investment Advisors LLC grew its holdings in Cadiz by 66.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 20,000 shares of the company’s stock valued at $41,000 after buying an additional 8,000 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Cadiz by 278.3% during the 3rd quarter. Royal Bank of Canada now owns 5,871 shares of the company’s stock valued at $41,000 after buying an additional 4,319 shares in the last quarter. Institutional investors and hedge funds own 55.53% of the company’s stock.

Cadiz Company Profile (NASDAQ:CDZI)

Cadiz Inc, together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.

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