Cadiz (NASDAQ:CDZI) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Cadiz (NASDAQ:CDZI) to a sell rating in a research note published on Wednesday morning.

Cadiz Trading Down 11.0 %

Shares of CDZI stock opened at $3.88 on Wednesday. The firm has a market cap of $291.71 million, a P/E ratio of -7.61 and a beta of 0.96. Cadiz has a 1-year low of $2.12 and a 1-year high of $5.68. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. The firm’s 50-day simple moving average is $4.84 and its 200-day simple moving average is $3.91.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CDZI. Whitefort Capital Management LP purchased a new position in shares of Cadiz during the 4th quarter worth about $19,344,000. B. Riley Financial Inc. raised its holdings in Cadiz by 825.2% in the fourth quarter. B. Riley Financial Inc. now owns 1,733,972 shares of the company’s stock valued at $9,017,000 after buying an additional 1,546,554 shares during the period. Rangeley Capital LLC purchased a new position in Cadiz in the fourth quarter valued at approximately $3,432,000. Bank of America Corp DE raised its holdings in Cadiz by 911.7% in the fourth quarter. Bank of America Corp DE now owns 630,394 shares of the company’s stock valued at $3,278,000 after buying an additional 568,084 shares during the period. Finally, Gratia Capital LLC purchased a new position in Cadiz in the fourth quarter valued at approximately $1,664,000. 79.75% of the stock is currently owned by hedge funds and other institutional investors.

Cadiz Company Profile

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.