Cadiz Inc. (CDZI) Reaches New 1-Year High Following Insider Buying Activity
Cadiz Inc. (NASDAQ:CDZI)’s share price reached a new 52-week high during mid-day trading on Tuesday following insider buying activity. The company traded as high as $8.95 and last traded at $8.95, with a volume of 96,635 shares traded. The stock had previously closed at $8.85.
Specifically, Director Winston H. Hickox acquired 15,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was purchased at an average cost of $8.94 per share, for a total transaction of $134,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Water Asset Management Llc acquired 200,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were bought at an average price of $8.08 per share, with a total value of $1,616,000.00. The disclosure for this purchase can be found here. Corporate insiders own 7.56% of the company’s stock.
The company’s market capitalization is $169.10 million. The stock has a 50 day moving average of $7.31 and a 200 day moving average of $6.80.
Cadiz (NASDAQ:CDZI) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $120 million for the quarter, compared to analysts’ expectations of $227 million. Analysts anticipate that Cadiz Inc. will post ($1.21) EPS for the current fiscal year.
Cadiz Company Profile
Cadiz Inc is a land and water resource development company with approximately 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.
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