Tejon Ranch (NYSE:TRC) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Tejon Ranch Co (NYSE:TRC - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.72 and traded as low as $15.90. Tejon Ranch shares last traded at $16.0450, with a volume of 72,759 shares trading hands.Analysts Set New Price TargetsSeveral brokerages have weighed in on TRC. Weiss Ratings restated a "hold (c-)" rating on shares of Tejon Ranch in a research note on Monday. Wall Street Zen raised Tejon Ranch from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tejon Ranch has an average rating of "Hold".Get Our Latest Stock Analysis on Tejon RanchTejon Ranch Price PerformanceThe stock's 50 day simple moving average is $16.00 and its 200-day simple moving average is $16.72. The firm has a market cap of $431.45 million, a price-to-earnings ratio of 133.71 and a beta of 0.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 2.66. Tejon Ranch (NYSE:TRC - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The real estate development and agribusiness company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Tejon Ranch had a net margin of 6.41% and a return on equity of 0.61%. The business had revenue of $11.97 million during the quarter, compared to the consensus estimate of $9.53 million. Equities research analysts anticipate that Tejon Ranch Co will post -0.04 EPS for the current fiscal year. Institutional Inflows and OutflowsA number of hedge funds have recently modified their holdings of the company. Nuveen LLC purchased a new position in Tejon Ranch during the 1st quarter worth approximately $1,046,000. Levin Capital Strategies L.P. increased its stake in shares of Tejon Ranch by 97.9% in the second quarter. Levin Capital Strategies L.P. now owns 102,062 shares of the real estate development and agribusiness company's stock worth $1,731,000 after acquiring an additional 50,500 shares during the period. Brandywine Global Investment Management LLC raised its holdings in shares of Tejon Ranch by 19.9% during the second quarter. Brandywine Global Investment Management LLC now owns 117,192 shares of the real estate development and agribusiness company's stock worth $1,988,000 after purchasing an additional 19,480 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in Tejon Ranch by 99.9% during the second quarter. Horizon Kinetics Asset Management LLC now owns 1,647,497 shares of the real estate development and agribusiness company's stock valued at $27,942,000 after purchasing an additional 823,435 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Tejon Ranch by 9.8% in the first quarter. American Century Companies Inc. now owns 47,924 shares of the real estate development and agribusiness company's stock valued at $760,000 after purchasing an additional 4,288 shares during the last quarter. 60.63% of the stock is owned by institutional investors and hedge funds. About Tejon Ranch (Get Free Report)Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.Featured StoriesFive stocks we like better than Tejon RanchValue Investing: Is it a Good Strategy in 2022? Hint: AlwaysBroadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500Stock Dividend Cuts Happen Are You Ready?Forget the Chips: 4 Industrial Plays for the AI ReboundStock Market Upgrades: What Are They?MongoDB Could Hit Record Highs—But You’ll Need to Move FastThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Tejon Ranch Right Now?Before you consider Tejon Ranch, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tejon Ranch wasn't on the list.While Tejon Ranch currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here