The month of May saw small-cap lemon producer Limoneira (NASDAQ:LMNR) wipe away the gains it had made year-to-date. The company issued an interim update to its full-year guidance on May 13 and shares plummeted roughly 15% shortly thereafter. The declines have continued, and presently, LMNR stock is trading for $19.34—the lowest level thus far in 2019.
Is LMNR Stock Undervalued?The company’s update to the full-year guidance shook investors. Due to multiple crop variables, Limoneira reduced its full-year operating income target to between $14.75–$17.5 million. It had previously been set at between $20–$23 million. Further, adjusted ...
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