Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Cadiz (CDZI) Share Price

News coverage about Cadiz (NASDAQ:CDZI) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cadiz earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.9359515726805 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of equities analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $17.50 price target on shares of Cadiz in a report on Monday, July 24th. BidaskClub lowered Cadiz from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th.

Cadiz (NASDAQ CDZI) traded up 2.27% during trading on Friday, hitting $11.25. The company had a trading volume of 77,643 shares. The company’s market cap is $250.39 million. The company’s 50 day moving average price is $12.27 and its 200-day moving average price is $14.04. Cadiz has a 12 month low of $6.70 and a 12 month high of $16.25.

In other news, CFO Timothy J. Shaheen sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $13.00, for a total transaction of $650,000.00. Following the completion of the transaction, the chief financial officer now directly owns 108,500 shares of the company’s stock, valued at approximately $1,410,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.56% of the stock is currently owned by company insiders.

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Cadiz Company Profile

Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.