Adecoagro SA (NYSE:AGRO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.38 and traded as high as $6.80. Adecoagro shares last traded at $6.77, with a volume of 1,869 shares.
A number of brokerages have weighed in on AGRO. ValuEngine cut shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Zacks Investment Research raised shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Adecoagro currently has a consensus rating of “Hold” and an average price target of $8.75.
The firm’s 50-day moving average price is $6.03 and its 200 day moving average price is $6.38. The firm has a market cap of $756.47 million, a P/E ratio of 8.65 and a beta of 0.66. The company has a quick ratio of 0.78, a current ratio of 1.55 and a debt-to-equity ratio of 0.86.
About Adecoagro (NYSE:AGRO)
Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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