Bioceres Crop Solutions (NASDAQ:BIOX) Stock Price Down 1.3%

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) were down 1.3% on Friday . The company traded as low as $12.65 and last traded at $12.65. Approximately 26,962 shares changed hands during trading, a decline of 59% from the average daily volume of 66,051 shares. The stock had previously closed at $12.82.

Analysts Set New Price Targets

Separately, Roth Mkm upped their price target on Bioceres Crop Solutions from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, February 9th.

Bioceres Crop Solutions Trading Down 1.3 %

The firm has a market capitalization of $794.42 million, a price-to-earnings ratio of 39.53 and a beta of 0.58. The business has a 50 day moving average of $12.99 and a two-hundred day moving average of $12.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 1.24.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $140.30 million during the quarter, compared to the consensus estimate of $108.97 million. Bioceres Crop Solutions had a return on equity of 5.96% and a net margin of 4.36%. During the same period in the prior year, the business posted ($0.14) earnings per share. Equities analysts predict that Bioceres Crop Solutions Corp. will post 0.48 EPS for the current year.

Institutional Trading of Bioceres Crop Solutions

Several institutional investors and hedge funds have recently modified their holdings of BIOX. Wellington Management Group LLP increased its position in shares of Bioceres Crop Solutions by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock valued at $3,253,000 after acquiring an additional 7,096 shares during the last quarter. Sei Investments Co. increased its position in shares of Bioceres Crop Solutions by 11.3% during the fourth quarter. Sei Investments Co. now owns 18,424 shares of the company’s stock valued at $253,000 after acquiring an additional 1,870 shares during the last quarter. Stifel Financial Corp increased its position in shares of Bioceres Crop Solutions by 3.3% during the fourth quarter. Stifel Financial Corp now owns 30,965 shares of the company’s stock valued at $425,000 after acquiring an additional 980 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in Bioceres Crop Solutions during the fourth quarter valued at $33,000. Finally, One Degree Advisors Inc bought a new position in Bioceres Crop Solutions during the fourth quarter valued at $291,000. 17.68% of the stock is owned by hedge funds and other institutional investors.

Bioceres Crop Solutions Company Profile

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.