Landec Corp. (NASDAQ:LNDC) shares saw unusually-high trading volume on Friday . Approximately 125,871 shares traded hands during trading, an increase of 56% from the previous session’s volume of 80,598 shares.The stock last traded at $12.30 and had previously closed at $12.25.

LNDC has been the topic of several analyst reports. Zacks Investment Research raised shares of Landec Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. Maxim Group initiated coverage on shares of Landec Corp. in a research report on Tuesday, June 7th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Wedbush initiated coverage on shares of Landec Corp. in a research report on Thursday, July 7th. They set a “neutral” rating and a $12.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.32.

The firm’s market cap is $332.70 million. The stock’s 50 day moving average is $11.56 and its 200 day moving average is $11.11.

Landec Corp. (NASDAQ:LNDC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. During the same period last year, the firm earned $0.15 EPS. The firm earned $135.31 million during the quarter, compared to analyst estimates of $130.02 million. Landec Corp.’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Landec Corp. will post $0.57 EPS for the current year.

In related news, Director Gary T. Steele sold 34,484 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $12.47, for a total value of $430,015.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Ronald Lane Midyett sold 7,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $12.02, for a total transaction of $84,140.00. Following the completion of the sale, the chief operating officer now directly owns 111,169 shares in the company, valued at $1,336,251.38. The disclosure for this sale can be found here.

Landec Corporation designs, develops, manufactures and sells differentiated products for food and biomaterials markets and licenses technology applications to partners. The Company’s segments include Food Products Technology, Food Export and Hyaluronan-based Biomaterials. The Company’s Food Products Technology segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables.

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