Nocera (NASDAQ:NCRA) Shares Down 0.6% – Should You Sell?

Nocera, Inc. (NASDAQ:NCRA)’s share price traded down 0.6% on Tuesday. The company traded as low as $1.75 and last traded at $1.77. 37,108 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 131,904 shares. The stock had previously closed at $1.78.

Analysts Set New Price Targets

NCRA has been the topic of a number of recent research reports. Weiss Ratings downgraded Nocera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 17th. Wall Street Zen downgraded shares of Nocera to a “strong sell” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Nocera Stock Down 2.3%

The stock has a market capitalization of $4.19 million, a P/E ratio of -0.26 and a beta of 2.06. The stock’s 50 day moving average price is $1.94 and its 200-day moving average price is $3.63.

Nocera (NASDAQ:NCRA) last announced its earnings results on Wednesday, August 5th. The company reported ($0.99) earnings per share (EPS) for the quarter. Nocera had a negative net margin of 59.98% and a negative return on equity of 226.49%. The company had revenue of $2.14 million for the quarter.

About Nocera

Nocera, Inc (NASDAQ:NCRA) is an aquaculture company focused on land-based fish farming and recirculating aquaculture systems. Its business includes the development and commercialization of systems designed to raise fish in controlled, land-based environments while filtering and reusing water.

The company’s activities have included providing aquaculture equipment and related services, as well as pursuing opportunities to operate or invest in fish-farming facilities. Its systems are intended to support commercial production by managing water quality, fish health, and growing conditions in locations that may be closer to end markets than traditional offshore or open-water operations.

Nocera has positioned its business within the broader global effort to expand sustainable seafood production and reduce reliance on conventional wild-catch fisheries.