Bioceres Crop Solutions (NASDAQ:BIOX) Sees Strong Trading Volume

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) saw unusually-strong trading volume on Wednesday . Approximately 96,945 shares traded hands during trading, an increase of 45% from the previous session’s volume of 66,908 shares.The stock last traded at $8.48 and had previously closed at $8.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BIOX shares. Oppenheimer decreased their price target on Bioceres Crop Solutions from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday. Roth Mkm decreased their price objective on Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Roth Capital upgraded Bioceres Crop Solutions to a “strong-buy” rating in a research report on Tuesday, July 2nd. Lake Street Capital decreased their price objective on Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group decreased their price objective on Bioceres Crop Solutions from $17.00 to $12.50 and set a “buy” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bioceres Crop Solutions has an average rating of “Buy” and a consensus price target of $13.63.

Bioceres Crop Solutions Stock Performance

The stock has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $11.50. The company has a current ratio of 1.22, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a market cap of $539.45 million, a price-to-earnings ratio of 844.00 and a beta of 0.49.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Bioceres Crop Solutions had a return on equity of 0.28% and a net margin of 0.21%. The business had revenue of $124.30 million for the quarter, compared to analyst estimates of $126.75 million. During the same period in the previous year, the business posted ($0.06) EPS. Analysts predict that Bioceres Crop Solutions Corp. will post 0.3 EPS for the current year.

Institutional Trading of Bioceres Crop Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Fourth Sail Capital LP raised its stake in shares of Bioceres Crop Solutions by 136.1% in the 1st quarter. Fourth Sail Capital LP now owns 1,627,630 shares of the company’s stock valued at $20,606,000 after purchasing an additional 938,282 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Bioceres Crop Solutions in the 2nd quarter valued at about $472,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Bioceres Crop Solutions in the 1st quarter valued at about $139,000. Wellington Management Group LLP raised its stake in shares of Bioceres Crop Solutions by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock valued at $3,253,000 after purchasing an additional 7,096 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Bioceres Crop Solutions in the 1st quarter valued at about $212,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

Bioceres Crop Solutions Company Profile

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.