Landec Corporation (NASDAQ:LNDC) changed -1.01% to recent value of $10.76. The stock transacted 108882 shares during most recent day however it has an average volume of 122.08K shares. It spotted trading -30.89% off 52-week high price. On the other end, the stock has been noted 19.29% away from the low price over the last 52-weeks.
On Oct. 1, 2019, Landec Corporation (NASDAQ: LNDC) a diversified health and wellness company with two operating businesses, Curation Foods and Lifecore Biomedical disclosed results for the fiscal 2020 first quarter ended August 25, 2019. Landec plans to create shareholder value by delivering against our financial targets, investing in growth, strengthening our balance sheet, implementing our strategic priorities to improve operating margins at Curation Foods and driving topline momentum at Lifecore.
Dr. Albert Bolles, Landec’s President and CEO commented, First quarter results met our guidance and we are set up for a successful year at both Lifecore and Curation Foods. We are investing capital at Lifecore to expand capacity and at Curation Foods to further automate our processing facilities and drive out costs. Our people are integral to our success and we are investing in talent across our entire organization to drive meaningful change. The results of these efforts are beginning to show in an improved culture at Landec, which is squarely focused on profitability and on executing with excellence with an emphasis on productivity to increase margins, while fostering a culture of sustainability.
LNDC has a gross margin of 14.50% and an operating margin of 1.00% while its profit margin remained 0.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained -81.70% for this year while earning per share for the next 5-years is expected to reach at 10.00%.
The company has 29.33M of outstanding shares and 28.36M shares were floated in the market. According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.77% from the mean of 20 days, -2.56% from mean of 50 days SMA and performed -3.35% from mean of 200 days price. Company’s performance for the week was 0.00%, -2.09% for month and YTD performance remained -9.12%.
William Payton possesses over 7 years of investment experience, an M.B.A. from California State University, and is also certified in Risk Management Assurance. He is a self-taught investor and follows the value investing approach to picking stocks. William has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site. William is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas.
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