Cadiz (NASDAQ:CDZI) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Cadiz Inc. (NASDAQ:CDZI) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.70 and traded as high as $5.05. Cadiz shares last traded at $4.95, with a volume of 1,869,796 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a report on Friday, November 15th.

Cadiz Trading Up 9.3 %

The business has a 50 day simple moving average of $3.73 and a 200-day simple moving average of $3.38. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. The stock has a market capitalization of $372.16 million, a price-to-earnings ratio of -9.71 and a beta of 0.97.

Insider Buying and Selling

In related news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $3.34 per share, for a total transaction of $6,913,800.00. Following the acquisition, the insider now directly owns 22,783,965 shares in the company, valued at $76,098,443.10. This trade represents a 9.99 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Cadiz in the 3rd quarter worth about $45,000. The Manufacturers Life Insurance Company acquired a new stake in Cadiz during the 3rd quarter worth approximately $58,000. BNP Paribas Financial Markets raised its holdings in Cadiz by 27.0% in the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after buying an additional 4,329 shares during the period. Joel Isaacson & Co. LLC lifted its position in Cadiz by 70.8% during the third quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock valued at $62,000 after buying an additional 8,500 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Cadiz by 6.8% during the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock worth $145,000 after buying an additional 2,995 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.

About Cadiz

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.