Limoneira Co (LMNR) Moves Higher on Volume Spike for March 12

Equities Staff  |

Limoneira Co (LMNR) traded on unusually high volume on Mar. 12, as the stock gained 8.71% to close at $22.96. On the day, Limoneira Co saw 146,370 shares trade hands on 1,097 trades. Considering that the stock averages only a daily volume of 23,727 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $26.06 and $17.40 over the last 52-weeks, its 50-day SMA is now $21.26, and its 200-day SMA $22.00. Limoneira Co has a P/B ratio of 2.45. It also has a P/E ratio of 52.8.

Limoneira Co is mainly engaged in the farm production business in the United States. It cultivates and sells citrus fruits domestically and abroad. The company is also involved in rental operations and real estate development.

Headquartered in Santa Paula, CA, Limoneira Co has 284 employees and is currently under the leadership of CEO Harold S. Edwards.

For a complete fundamental analysis analysis of Limoneira Co, check out Equities.com’s Stock Valuation Analysis report for LMNR.

Want to invest with the experts? Subscribe to Equities Premium newsletters today! Visit http://www.equitiespremium.com/ to learn more about Guild Investment’s Market Commentary and Adam Sarhan’s Find Leading Stocks today.

To get more information on Limoneira Co and to follow the company’s latest updates, you can visit the company’s profile page here: LMNR’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Trending Articles

The Variant and Volatility
The Daily Fix, Nov. 29, 2021
Let the Inflation Battle Begin
Qualcomm CEO Cristiano Amon Shows How Company Will Grow: Jeff Kagan



Market Movers

Sponsored Financial Content