Cadiz, Inc. (NASDAQ:CDZI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Cadiz (NASDAQ:CDZI) traded up 0.80% on Friday, reaching $12.60. 88,588 shares of the company traded hands. Cadiz has a 52-week low of $5.64 and a 52-week high of $16.25. The firm has a 50 day moving average price of $14.52 and a 200 day moving average price of $14.10. The stock’s market capitalization is $280.44 million.

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In other news, CFO Timothy J. Shaheen sold 50,000 shares of Cadiz stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $13.00, for a total transaction of $650,000.00. Following the completion of the sale, the chief financial officer now directly owns 108,500 shares in the company, valued at approximately $1,410,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.56% of the stock is owned by insiders.

About Cadiz

Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.

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