Landec Corporation (LNDC) Formed Descending Triangle Pattern; Buyers Could Thrive

December 8, 2017 - By Michael Collier

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.24, from 1.15 in 2017Q1. It is positive, as 7 investors sold Landec Corporation shares while 26 reduced holdings. 20 funds opened positions while 26 raised stakes. 25.10 million shares or 0.75% more from 24.92 million shares in 2017Q1 were reported.
California Public Employees Retirement reported 67,400 shares. State Street Corporation accumulated 490,593 shares. 2.74M were reported by Franklin. Parametric Port Associate Llc invested in 75,142 shares. Ameritas Inv Ptnrs reported 0% in Landec Corporation (NASDAQ:LNDC). Wedge Capital Mgmt L L P Nc invested in 0.01% or 72,000 shares. 40,110 were reported by Buckhead Cap Mngmt Lc. Barclays Public Ltd Co holds 0% or 226 shares. Panagora Asset Mgmt Incorporated reported 9,714 shares. Bnp Paribas Arbitrage stated it has 0% in Landec Corporation (NASDAQ:LNDC). Heartland Inc reported 902,950 shares. Credit Suisse Ag holds 0% of its portfolio in Landec Corporation (NASDAQ:LNDC) for 37,059 shares. Voya Invest Ltd Liability reported 21,679 shares or 0% of all its holdings. Thomson Horstmann & Bryant accumulated 845,439 shares or 1.62% of the stock. Lpl Financial Ltd holds 0% of its portfolio in Landec Corporation (NASDAQ:LNDC) for 15,215 shares.

The stock of Landec Corporation (LNDC) formed a descending triangle with $12.27 target or 4.00 % above today’s $11.80 share price. The 6 months triangle pattern indicates low risk for the $324.58 million company. If the $12.27 price target is reached, the company will be worth $12.98 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 1.29% or $0.15 during the last trading session, reaching $11.8. About 48,087 shares traded. Landec Corporation (NASDAQ:LNDC) has risen 17.05% since December 8, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

Analysts await Landec Corporation (NASDAQ:LNDC) to report earnings on January, 3. They expect $0.07 earnings per share, up 40.00 % or $0.02 from last year’s $0.05 per share. LNDC’s profit will be $1.93 million for 42.14 P/E if the $0.07 EPS becomes a reality. After $0.08 actual earnings per share reported by Landec Corporation for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

Landec Corporation (NASDAQ:LNDC) Ratings Coverage

Among 4 analysts covering Landec (NASDAQ:LNDC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Landec had 7 analyst reports since November 18, 2015 according to SRatingsIntel. Sidoti upgraded Landec Corporation (NASDAQ:LNDC) on Monday, January 25 to “Buy” rating. Maxim Group maintained the stock with “Buy” rating in Tuesday, July 18 report. The rating was initiated by Wedbush with “Neutral” on Friday, July 8. As per Wednesday, July 26, the company rating was maintained by Maxim Group. The stock has “Hold” rating by Wedbush on Wednesday, July 26. The stock has “Buy” rating by Wunderlich on Wednesday, November 18. The rating was initiated by Maxim Group on Tuesday, June 7 with “Buy”.

More notable recent Landec Corporation (NASDAQ:LNDC) news were published by: Globenewswire.com which released: “Landec Corporation Reports Fiscal First Quarter 2018 Results” on September 26, 2017, also Globenewswire.com with their article: “Landec Corporation Provides Update on Impact from Extreme Weather Events” published on September 19, 2017, Seekingalpha.com published: “Landec Corporation’s (LNDC) CEO Molly Hemmeter on Q4 2017 Results – Earnings …” on July 26, 2017. More interesting news about Landec Corporation (NASDAQ:LNDC) were released by: Globenewswire.com and their article: “Landec Corporation Agrees to Settle Labor Related Legal Actions and Updates …” published on March 28, 2017 as well as Marketwatch.com‘s news article titled: “Landec Corp.” with publication date: December 22, 2009.

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