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Limoneira (NASDAQ:LMNR) Director John W.H. Merriman sold 1,591 shares of the company’s stock on the open market in a transaction dated Thursday, April 17th. The stock was sold at an average price of $22.26, for a total transaction of $35,415.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Limoneira (NASDAQ:LMNR) traded up 2.42% on Monday, hitting $22.87. 95,039 shares of the company’s stock traded hands. Limoneira has a 1-year low of $18.07 and a 1-year high of $27.41. The stock’s 50-day moving average is $22.25 and its 200-day moving average is $23.82. The company has a market cap of $321.3 million and a price-to-earnings ratio of 46.42.

Limoneira (NASDAQ:LMNR) last released its earnings data on Monday, March 10th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.07. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $15.93 million. During the same quarter last year, the company posted ($0.28) earnings per share. Analysts expect that Limoneira will post $0.35 EPS for the current fiscal year.

A number of analysts have recently weighed in on LMNR shares. Analysts at Zacks upgraded shares of Limoneira from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $23.80 price target on the stock. Finally, analysts at TheStreet downgraded shares of Limoneira from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

Limoneira Company is an agribusiness and real estate development company. The Company’s operations consist of fruit production, sales and marketing, real estate development and capital investment activities.

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