Limoneira (NASDAQ:LMNR) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

LMNR has been the subject of a number of other reports. Roth Capital set a $28.00 price objective on Limoneira and gave the stock a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research lowered Limoneira from a “hold” rating to a “sell” rating in a research report on Saturday, December 23rd.

Shares of Limoneira (NASDAQ:LMNR) traded up $0.22 during midday trading on Thursday, reaching $21.79. The company’s stock had a trading volume of 50,000 shares, compared to its average volume of 43,891. Limoneira has a 12-month low of $16.39 and a 12-month high of $26.06. The firm has a market cap of $316.43, a price-to-earnings ratio of 53.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.61.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, January 8th. The company reported ($0.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.01. Limoneira had a return on equity of 4.98% and a net margin of 5.44%. The firm had revenue of $15.90 million during the quarter, compared to analyst estimates of $15.60 million. During the same period last year, the company posted ($0.01) EPS. The business’s quarterly revenue was down 18.5% compared to the same quarter last year. equities research analysts forecast that Limoneira will post 0.6 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in LMNR. Advisors Asset Management Inc. acquired a new stake in shares of Limoneira during the 3rd quarter valued at about $106,000. Acrospire Investment Management LLC acquired a new stake in shares of Limoneira during the 2nd quarter valued at about $123,000. D.A. Davidson & CO. lifted its holdings in shares of Limoneira by 184.0% during the 2nd quarter. D.A. Davidson & CO. now owns 7,100 shares of the company’s stock valued at $167,000 after buying an additional 4,600 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Limoneira by 10.0% during the 2nd quarter. Nationwide Fund Advisors now owns 7,735 shares of the company’s stock valued at $183,000 after buying an additional 700 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Limoneira by 9.1% during the 2nd quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $215,000 after buying an additional 757 shares during the last quarter. Institutional investors and hedge funds own 27.47% of the company’s stock.

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Limoneira Company Profile

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

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