Tejon Ranch Shares Hit $17.27 for 52 Week Low

580Lebec, CA (Thursday, Feb. 18, 2016 at 8:48 a.m. PST)- The report below is from Equities.com. The historical record shows that what they are calling a “52 week low” may actually be an 11 year low—that is a 572 week low. Tejon Ranch Company’s shares are being bought up in bulk by New York City insider TRC Director Daniel Tisch’s Towerview LLC. Two years ago Towerview owned 12.56% of the company’s shares and Tisch has been buying steadily ever since.

See the February 19 issue of The Mountain Enterprise, on newsstands now, for a report about internal discord at the company that appears to be causing distress for employees.

Tejon Ranch Company (and Tejon Ranchcorp) is focused on developing 12,000 new homes near the Outlets at Tejon Mall, 23,000 new homes in its proposed Centennial project near SR 138 off of Interstate 5 and about 4,300 luxury homes at the proposed Tejon Mountain Village site which overlaps with endangered California condor habitat. And, to make the Faustian bargain even sharper, the future economic survival of the Tejon Ranch Conservancy project depends on the success of those development  plans—none of which have begun building any homes yet.

Tejon Ranch Co. (TRC) Hits New 52-week Low During February 17 Session

Equities Staff |

Tejon Ranch Co. (TRC) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $17.89, Tejon Ranch Co. dropped to $17.26 for a new 52-week low. By the closing bell, the company’s stock was at $17.27 a share for a loss of 2.54%.

Falling to a new 52-week low is never fun for company’s shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.

However one plays it, it’s often a critical moment for any stock and should be noted by investors.

Tejon Ranch Co. saw 46,251 shares of its stock trade hands, that’s out of 20.68 million shares outstand. The stock has an average daily volume of 44,554 shares. After hitting a new 52-week low, Tejon Ranch Co. enters the new trading day with a market cap of 357.16 million, a 50-day SMA of $19.14 and a 200-day SMA of $22.74

Tejon Ranch Co. now has a P/E ratio of 118.1.

For a complete fundamental analysis analysis of Tejon Ranch Co., check out Equities.com’s Stock Valuation Analysis report for TRC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

Tejon Ranch Co., is a diversified real estate development and agribusiness company committed to responsibly using its land and resources to meet the housing, employment, and lifestyle needs of Californians and create value for its shareholders.

This is part of the February 12, 2016 online edition of The Mountain Enterprise.

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