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

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

Cadiz Stock Performance

CDZI stock traded down $0.12 during midday trading on Friday, reaching $3.09. 140,668 shares of the company’s stock traded hands, compared to its average volume of 353,179. The firm has a market capitalization of $234.73 million, a PE ratio of -6.02 and a beta of 0.96. The company has a 50-day moving average price of $4.36 and a two-hundred day moving average price of $3.94. Cadiz has a 52 week low of $2.12 and a 52 week high of $5.68. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36.

Wall Street Analyst Weigh In

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