Cadiz (NASDAQ:CDZIP) Stock Price Down 2.4% – Time to Sell?

Cadiz Inc. (NASDAQ:CDZIP)’s stock price traded down 2.4% during trading on Tuesday . The stock traded as low as $17.11 and last traded at $17.40. 2,960 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 8,604 shares. The stock had previously closed at $17.83.

Cadiz Stock Performance

The business’s 50 day moving average price is $18.45 and its two-hundred day moving average price is $17.29.

Cadiz Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, April 4th will be given a dividend of $0.55 per share. The ex-dividend date is Friday, April 4th. This represents a $2.20 annualized dividend and a dividend yield of 12.64%.

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.