Alico (NASDAQ:ALCO) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.
Separately, TheStreet lowered Alico from a “c” rating to a “d+” rating in a research note on Tuesday, December 12th.
Alico (NASDAQ:ALCO) opened at $30.15 on Wednesday. Alico has a 12 month low of $25.50 and a 12 month high of $34.80. The company has a quick ratio of 1.89, a current ratio of 4.16 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $249.81, a P/E ratio of -25.99 and a beta of 1.33.
TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2017/12/24/alico-alco-downgraded-to-hold-at-bidaskclub.html.
Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus.
Receive News & Ratings for Alico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alico and related companies with MarketBeat.com's FREE daily email newsletter.