China Green Agriculture (NYSE:CGA) Coverage Initiated at started coverage on shares of China Green Agriculture (NYSE:CGAGet Rating) in a report released on Monday morning. The brokerage issued a sell rating on the basic materials company’s stock.

CGA stock opened at $10.15 on Monday. China Green Agriculture has a 12-month low of $7.09 and a 12-month high of $17.73. The company has a 50 day moving average of $9.39 and a two-hundred day moving average of $9.80.

China Green Agriculture (NYSE:CGAGet Rating) last released its earnings results on Monday, February 14th. The basic materials company reported ($3.35) earnings per share (EPS) for the quarter. China Green Agriculture had a negative return on equity of 52.22% and a negative net margin of 42.45%. The company had revenue of $42.83 million during the quarter.

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in China Green Agriculture by 11,445.8% in the 1st quarter. Morgan Stanley now owns 9,583 shares of the basic materials company’s stock worth $52,000 after buying an additional 9,500 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of China Green Agriculture during the 4th quarter valued at $114,000. Finally, Millennium Management LLC bought a new position in shares of China Green Agriculture during the 2nd quarter valued at $139,000. Institutional investors own 0.55% of the company’s stock.

China Green Agriculture Company Profile (Get Rating)

China Green Agriculture, Inc engages in the research, development, production, and sale of various types of fertilizers and agricultural products. It operates through the following segments: Jinong, Gufeng, Yuxing, and Sales Variable Interest Entities (VIEs). The Jinong segment includes fertilizer products, with focus on humic acid-based compound fertilizer.

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