Cadiz (NASDAQ:CDZI) Announces Quarterly Earnings Results

Cadiz (NASDAQ:CDZI) released its earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) 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 Performance

Shares of NASDAQ CDZI traded down $0.07 during midday trading on Friday, hitting $3.14. The company’s stock had a trading volume of 166,543 shares, compared to its average volume of 353,265. The stock has a fifty day moving average price of $4.36 and a 200 day moving average price of $3.94. The firm has a market capitalization of $238.53 million, a price-to-earnings ratio of -6.16 and a beta of 0.96. Cadiz has a one year low of $2.12 and a one year high of $5.68. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88.

Analysts Set New Price Targets

Separately, StockNews.com raised Cadiz to a “sell” rating in a report on Wednesday, March 5th.

About Cadiz

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.