Somewhat Positive Media Coverage Somewhat Unlikely to Affect Tejon Ranch (TRC) Share Price

Media coverage about Tejon Ranch (NYSE:TRC) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tejon Ranch earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the real estate development and agribusiness company an impact score of 42.9961155894613 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Tejon Ranch (NYSE TRC) traded down $0.38 during mid-day trading on Friday, hitting $22.07. 152,374 shares of the company traded hands, compared to its average volume of 146,156. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.31. Tejon Ranch has a 52 week low of $18.59 and a 52 week high of $27.99.

Several equities analysts recently commented on the stock. TheStreet raised shares of Tejon Ranch from a “d+” rating to a “c-” rating in a report on Friday, November 24th. BidaskClub lowered shares of Tejon Ranch from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

In other news, Director Daniel R. Tisch purchased 1,096,169 shares of the company’s stock in a transaction on Friday, October 27th. The stock was acquired at an average price of $18.00 per share, with a total value of $19,731,042.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory S. Bielli purchased 5,600 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $18.00 per share, with a total value of $100,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,113,601 shares of company stock worth $20,044,818. 29.40% of the stock is owned by insiders.

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Tejon Ranch Company Profile

Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.

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