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NEW YORK (TheStreet) -- Shares of Alico (ALCO) - Get Alico, Inc. Report are edging lower in afternoon trading on Tuesday after having its rating downgraded to "hold" from "buy" by TheStreet Ratings today.

Analysts at the TheStreet also lowered the stock's letter grade to C+ from B- as part of its bearish outlook. 

The stock has fallen more than 40% over the past 12 months as the agribusiness and land management company also reported its first quarterly net earnings loss in at least two years in December. Revenue of $13 million from the quarter was nearly double from the year ago period, however it missed analysts' $14.5 million expectations.

The company recently increased its dividend, despite the weak quarterly results, to 6 cents per share or 24 cents per share on an annualized basis. Shareholders of record on December 31 are scheduled to receive the dividend payout on January 15.

TheStreet Ratings identified the company's strengths, such as reasonable valuation levels, expanding profit margins and notable return on equity. However, several weaknesses were also identified, such as unimpressive growth in net income, generally higher debt management risk and weak operating cash flow.

(Subscribers get upgrades and downgrades ahead of the market. Find out more onTheStreet Quant Ratings here.)

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TheStreet's chartist Bruce Kamich is also bearish on the stock.

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"This short-term chart of ALCO, above, is pretty negative looking with a persistent downtrend last year. The selling and liquidation looks like it got underway in June as the On-Balance-Volume (OBV) line turned down and weakened the rest of the year," said Kamich. "The Moving Average Convergence Divergence (MACD) oscillator has been below the zero line a lot. Last we can see a death cross in August as the 50-day average declined below the 200-day average."

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"This long-term chart of ALCO, above, is not healthy. The OBV line has been down all of last year and suggests that sellers have been more aggressive," Kamich continued. "The MACD oscillator is below zero and still pointed down. Prices are below the declining 40-week moving average. Prices are testing key support around $35 but a breakdown below $35 would open the doors to the $30-$35 area in the weeks and months ahead."

TheStreet Ratings uses an algorithmic model to determine a rating for risk-adjusted total return prospect over 12 months.