Cadiz (NASDAQ:CDZI) Posts Earnings Results, Misses Estimates By $0.06 EPS

Cadiz (NASDAQ:CDZI) posted its earnings results on Friday. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06), Zacks reports. Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%.

Cadiz Stock Down 3.7 %

Shares of NASDAQ CDZI traded down $0.12 during trading on Friday, hitting $3.09. The stock had a trading volume of 140,668 shares, compared to its average volume of 353,179. The firm has a fifty day moving average of $4.36 and a two-hundred day moving average of $3.94. The company has a market capitalization of $234.73 million, a PE ratio of -6.02 and a beta of 0.96. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. Cadiz has a 12 month low of $2.12 and a 12 month high of $5.68.

Analysts Set New Price Targets

Separately, StockNews.com raised Cadiz to a “sell” rating in a research note 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.