Landec (NASDAQ:LNDC) posted its quarterly earnings data on Tuesday. The basic materials company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.12), Fidelity Earnings reports. Landec had a negative return on equity of 1.53% and a negative net margin of 6.00%. During the same quarter in the previous year, the business earned ($0.11) EPS.
Shares of LNDC stock traded down $1.07 on Thursday, hitting $9.21. The stock had a trading volume of 4,312 shares, compared to its average volume of 128,367. The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $10.74 and a 200 day moving average price of $11.20. The company has a market cap of $271.35 million, a PE ratio of -8.11 and a beta of 1.05. Landec has a one year low of $9.19 and a one year high of $12.88.
A hedge fund recently raised its stake in Landec stock. Morgan Stanley lifted its position in Landec Co. (NASDAQ:LNDC) by 134.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,114 shares of the basic materials company’s stock after acquiring an additional 20,117 shares during the quarter. Morgan Stanley owned 0.12% of Landec worth $394,000 as of its most recent SEC filing. Institutional investors and hedge funds own 87.59% of the company’s stock.
Landec Corp. engages in the design, development, manufacture, and sale of health and wellness products for food and biomaterials markets. It operates through the following segments: Curation Foods, Lifecore, and Others. The Curation Foods segment includes activities to market and pack specialty packaged whole and fresh-cut fruit and vegetables.
Featured Story: How to build a Fibonacci channel
Receive News & Ratings for Landec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Landec and related companies with MarketBeat.com's FREE daily email newsletter.