Mission Produce (NASDAQ:AVO) released its quarterly earnings data on Sunday. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03), MarketWatch Earnings reports.
AVO stock traded down $2.04 on Tuesday, hitting $18.44. 4,556 shares of the company’s stock were exchanged, compared to its average volume of 111,832. Mission Produce has a 12-month low of $11.75 and a 12-month high of $22.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.84 and a current ratio of 2.51. The stock has a market cap of $1.30 billion and a P/E ratio of 26.26. The firm has a 50 day moving average price of $19.80 and a two-hundred day moving average price of $20.22.
In other Mission Produce news, Director Luis A. Gonzalez sold 250,000 shares of the firm’s stock in a transaction on Monday, July 12th. The stock was sold at an average price of $19.80, for a total value of $4,950,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Luis A. Gonzalez sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, July 9th. The shares were sold at an average price of $20.00, for a total value of $2,000,000.00. Following the completion of the transaction, the director now owns 13,361 shares in the company, valued at $267,220. The disclosure for this sale can be found here. Corporate insiders own 47.00% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Mission Produce from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Mission Produce currently has an average rating of “Buy” and a consensus price target of $20.14.
Mission Produce Company Profile
Mission Produce, Inc engages in sourcing, producing, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It serves retail, wholesale, and foodservice customers. The company was founded in 1983 and is headquartered in Oxnard, California.
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