Cadiz (NASDAQ:CDZI) Stock Price Crosses Below 200-Day Moving Average of $2.78

Cadiz Inc. (NASDAQ:CDZI) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.78 and traded as low as $2.35. Cadiz shares last traded at $2.37, with a volume of 205,926 shares trading hands.

Cadiz Stock Performance

The company has a debt-to-equity ratio of 1.52, a current ratio of 1.37 and a quick ratio of 1.01. The stock has a market capitalization of $159.90 million, a P/E ratio of -4.23 and a beta of 0.75. The company has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $2.78.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $0.68 million during the quarter. Cadiz had a negative net margin of 1,579.41% and a negative return on equity of 62.56%. On average, equities analysts forecast that Cadiz Inc. will post -0.19 EPS for the current year.

Insider Activity at Cadiz

In other Cadiz news, CEO Susan P. Kennedy acquired 25,000 shares of Cadiz stock in a transaction that occurred on Thursday, April 18th. The stock was acquired at an average cost of $2.25 per share, for a total transaction of $56,250.00. Following the purchase, the chief executive officer now owns 966,921 shares of the company’s stock, valued at $2,175,572.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Cadiz

A number of hedge funds and other institutional investors have recently made changes to their positions in CDZI. B. Riley Financial Inc. grew its holdings in Cadiz by 268.8% during the 3rd quarter. B. Riley Financial Inc. now owns 1,345,824 shares of the company’s stock valued at $4,455,000 after buying an additional 980,898 shares in the last quarter. B. Riley Asset Management LLC grew its stake in Cadiz by 29.5% during the third quarter. B. Riley Asset Management LLC now owns 4,227,142 shares of the company’s stock valued at $13,992,000 after acquiring an additional 962,696 shares in the last quarter. Levin Capital Strategies L.P. increased its holdings in Cadiz by 133.9% during the 3rd quarter. Levin Capital Strategies L.P. now owns 1,064,411 shares of the company’s stock worth $3,523,000 after acquiring an additional 609,246 shares during the period. American Assets Capital Advisers LLC lifted its stake in Cadiz by 29.5% in the 3rd quarter. American Assets Capital Advisers LLC now owns 2,248,442 shares of the company’s stock worth $7,442,000 after purchasing an additional 512,083 shares in the last quarter. Finally, Rathbones Group PLC bought a new position in Cadiz in the 3rd quarter valued at $217,000. 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.