SLC Agrícola (OTCMKTS:SLCJY) Shares Up 4.6% – Here’s What Happened

SLC Agrícola S.A. (OTCMKTS:SLCJY)’s stock price traded up 4.6% during mid-day trading on Wednesday. The stock traded as high as $3.55 and last traded at $3.55. Approximately 12,314 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 32,734 shares. The stock had previously closed at $3.3950.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of SLC Agrícola to a “hold” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, SLC Agrícola presently has a consensus rating of “Hold”.

SLC Agrícola Price Performance

The stock has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $3.12.

SLC Agrícola Company Profile

SLC Agrícola SA is a Brazilian agribusiness company engaged in the production and commercialization of agricultural commodities. Its principal crops include soybeans, cotton and corn, which are cultivated on large-scale farms using mechanized production systems and agricultural technology.

Founded in 1977, the company is part of the SLC Group and has developed an integrated operating model covering land development, crop production, harvesting and the sale of agricultural products. SLC Agrícola also produces cotton fiber and related byproducts, as well as soybean and corn, serving domestic and international commodity markets.

The company operates agricultural properties in Brazil’s major farming regions, including states such as Mato Grosso, Bahia, Maranhão, Piauí, Goiás and Minas Gerais.