Adecoagro (NYSE:AGRO) Shares Pass Above 200-Day Moving Average of $10.69

Adecoagro S.A. (NYSE:AGRO) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.69 and traded as high as $11.29. Adecoagro shares last traded at $11.14, with a volume of 234,181 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.17.

Adecoagro Stock Performance

The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $10.49 and its 200-day moving average is $10.69. The firm has a market capitalization of $1.18 billion, a P/E ratio of 5.28 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The business had revenue of $263.95 million for the quarter. As a group, equities analysts anticipate that Adecoagro S.A. will post 1.69 EPS for the current year.

Institutional Trading of Adecoagro

Several institutional investors and hedge funds have recently made changes to their positions in AGRO. Tower Research Capital LLC TRC increased its holdings in Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after buying an additional 2,923 shares during the last quarter. NBC Securities Inc. purchased a new stake in Adecoagro during the third quarter worth about $54,000. Principal Securities Inc. purchased a new stake in Adecoagro during the fourth quarter worth about $204,000. Handelsbanken Fonder AB increased its holdings in Adecoagro by 31.6% during the third quarter. Handelsbanken Fonder AB now owns 18,558 shares of the company’s stock worth $217,000 after buying an additional 4,458 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in Adecoagro during the fourth quarter worth about $225,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.