China Green Agriculture (NYSE:CGA) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of China Green Agriculture (NYSE:CGAGet Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

CGA stock opened at $8.70 on Wednesday. China Green Agriculture has a 1 year low of $7.09 and a 1 year high of $17.68. The stock’s 50 day moving average price is $9.60 and its 200 day moving average price is $9.87.

China Green Agriculture (NYSE:CGAGet Rating) last posted 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 net margin of 42.45% and a negative return on equity of 52.22%. The company had revenue of $42.83 million during the quarter.

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new position in China Green Agriculture in the 2nd quarter valued at $139,000. Citadel Advisors LLC acquired a new position in China Green Agriculture in the 4th quarter valued at $114,000. Finally, Morgan Stanley raised its holdings 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 valued at $52,000 after acquiring an additional 9,500 shares during the last quarter. 0.55% of the stock is currently owned by hedge funds and other institutional investors.

About China Green Agriculture (Get Rating)

China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers and agricultural products in the People's Republic of China. The company operates through four segments: Jinong, Gufeng, Yuxing, and Sales VIEs. Its fertilizer products comprise humic acid-based compound fertilizers, blended fertilizers, organic compound fertilizers, slow-release fertilizers, highly concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizers, as well as develops, produces, and distributes agricultural products, such as fruits, vegetables, flowers, and colored seedlings.

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