Cadiz (NASDAQ:CDZI) Issues Earnings Results, Misses Expectations By $0.06 EPS

Cadiz (NASDAQ:CDZI) issued its earnings results on Thursday. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 Price Performance

NASDAQ:CDZI traded down $0.07 during trading hours on Friday, hitting $3.14. The stock had a trading volume of 166,543 shares, compared to its average volume of 353,265. The company has a 50 day simple moving average of $4.36 and a two-hundred day simple moving average 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. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. Cadiz has a one year low of $2.12 and a one year high of $5.68.

Analysts Set New Price Targets

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

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.