Cadiz (NASDAQ:CDZI – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06), Zacks reports. The firm had revenue of $4.75 million during the quarter, compared to analysts’ expectations of $8.44 million. Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%.
Cadiz Trading Down 3.7 %
NASDAQ CDZI opened at $3.09 on Friday. 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 stock has a market capitalization of $234.73 million, a P/E ratio of -6.06 and a beta of 0.96. The firm’s 50-day moving average is $4.32 and its two-hundred day moving average is $3.94. Cadiz has a 12 month low of $2.12 and a 12 month high of $5.68.
Analyst Ratings Changes
Separately, StockNews.com upgraded Cadiz to a “sell” rating in a research report on Wednesday, March 5th.
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.
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