Bioceres Crop Solutions (NASDAQ:BIOX) Sets New 1-Year Low at $8.44

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) reached a new 52-week low during trading on Tuesday . The company traded as low as $8.44 and last traded at $9.00, with a volume of 47567 shares traded. The stock had previously closed at $9.99.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BIOX shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of Bioceres Crop Solutions in a research note on Friday, July 19th. Canaccord Genuity Group upgraded Bioceres Crop Solutions to a “strong-buy” rating in a research report on Friday, July 19th. Roth Mkm started coverage on Bioceres Crop Solutions in a report on Tuesday, July 2nd. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Roth Capital raised shares of Bioceres Crop Solutions to a “strong-buy” rating in a report on Tuesday, July 2nd. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $19.00.

Bioceres Crop Solutions Trading Down 10.8 %

The company’s 50 day simple moving average is $10.63 and its two-hundred day simple moving average is $11.53. The company has a market cap of $559.55 million, a PE ratio of 940.00 and a beta of 0.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.83.

Hedge Funds Weigh In On Bioceres Crop Solutions

Several institutional investors have recently bought and sold shares of BIOX. Fourth Sail Capital LP increased its stake in Bioceres Crop Solutions by 136.1% during the 1st quarter. Fourth Sail Capital LP now owns 1,627,630 shares of the company’s stock worth $20,606,000 after buying an additional 938,282 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Bioceres Crop Solutions in the 2nd quarter valued at about $472,000. Oppenheimer & Co. Inc. purchased a new stake in Bioceres Crop Solutions during the first quarter worth approximately $139,000. Wellington Management Group LLP lifted its stake in Bioceres Crop Solutions by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock worth $3,253,000 after purchasing an additional 7,096 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Bioceres Crop Solutions during the first quarter worth approximately $212,000. 17.68% of the stock is owned by institutional investors and hedge funds.

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.