Tejon Ranch (NYSE:TRC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.74 and traded as high as $16.45. Tejon Ranch shares last traded at $16.42, with a volume of 895 shares changing hands.
The stock’s fifty day moving average is $16.67. The company has a quick ratio of 5.13, a current ratio of 5.46 and a debt-to-equity ratio of 0.14. The firm has a market cap of $430.51 million, a price-to-earnings ratio of 162.70 and a beta of 0.98.
In other news, Director Dt Four Partners, Llc bought 39,453 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average cost of $16.36 per share, for a total transaction of $645,451.08. Following the completion of the acquisition, the director now owns 964,453 shares in the company, valued at approximately $15,778,451.08. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Towerview Llc bought 6,508 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $16.16 per share, for a total transaction of $105,169.28. Following the completion of the acquisition, the director now owns 3,685,100 shares of the company’s stock, valued at approximately $59,551,216. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 59,220 shares of company stock worth $964,562. Company insiders own 19.79% of the company’s stock.
About Tejon Ranch (NYSE:TRC)
Tejon Ranch Co 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 entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.
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