Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.74 and traded as high as $3.85. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.77, with a volume of 92,245 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The company has a quick ratio of 0.93, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $3.74 and its 200-day simple moving average is $3.75.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of hedge funds have recently bought and sold shares of LND. Evelyn Partners Investment Management LLP grew its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company’s stock worth $71,000 after acquiring an additional 16,435 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% in the second quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company’s stock valued at $141,000 after purchasing an additional 14,651 shares during the period. ERn Financial LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the third quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter worth about $37,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.