Adecoagro (NYSE:AGRO) Shares Gap Down – Time to Sell?

Adecoagro S.A. (NYSE:AGRO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $10.79, but opened at $10.41. Adecoagro shares last traded at $10.73, with a volume of 172,604 shares traded.

Analyst Ratings Changes

Separately, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Price Performance

The stock has a market capitalization of $1.11 billion, a P/E ratio of 7.11, a PEG ratio of 1.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The business has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $10.67.

Institutional Investors Weigh In On Adecoagro

A number of large investors have recently bought and sold shares of AGRO. Point72 Hong Kong Ltd boosted its position in shares of Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after purchasing an additional 933 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Adecoagro by 1.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock worth $1,657,000 after acquiring an additional 1,900 shares in the last quarter. Ping Capital Management Inc. increased its holdings in shares of Adecoagro by 1.9% during the fourth quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock valued at $990,000 after acquiring an additional 2,000 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Adecoagro by 26.3% during the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company’s stock worth $126,000 after purchasing an additional 2,794 shares during the period. Finally, Principal Securities Inc. grew its position in Adecoagro by 9.6% in the 4th quarter. Principal Securities Inc. now owns 33,886 shares of the company’s stock valued at $320,000 after purchasing an additional 2,970 shares during the period. 45.25% of the stock is currently owned by institutional investors and hedge funds.

About Adecoagro

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.