Bioceres Crop Solutions (NASDAQ:BIOX) Upgraded to Hold at Wall Street Zen

Bioceres Crop Solutions (NASDAQ:BIOX) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other analysts also recently issued reports on the company. Oppenheimer cut their price objective on Bioceres Crop Solutions from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, July 15th. Brookline Capital Management downgraded Bioceres Crop Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.38.

Bioceres Crop Solutions Trading Down 2.8%

Shares of BIOX stock opened at $2.79 on Friday. The stock’s fifty day moving average is $3.69 and its two-hundred day moving average is $4.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.74 and a current ratio of 1.02. The firm has a market capitalization of $174.96 million, a P/E ratio of -19.93, a PEG ratio of 1.19 and a beta of 0.44. Bioceres Crop Solutions has a fifty-two week low of $2.60 and a fifty-two week high of $11.39.

Institutional Investors Weigh In On Bioceres Crop Solutions

Several institutional investors have recently added to or reduced their stakes in BIOX. Jones Financial Companies Lllp increased its position in Bioceres Crop Solutions by 3,535.8% during the first quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock worth $25,000 after buying an additional 5,339 shares during the period. Bank of America Corp DE increased its position in Bioceres Crop Solutions by 186.8% during the fourth quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock worth $35,000 after buying an additional 3,735 shares during the period. Avanza Fonder AB acquired a new position in Bioceres Crop Solutions during the first quarter worth approximately $72,000. PDT Partners LLC acquired a new position in shares of Bioceres Crop Solutions in the first quarter valued at approximately $81,000. Finally, Northern Trust Corp acquired a new position in shares of Bioceres Crop Solutions in the fourth quarter valued at approximately $93,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.