China Green Agriculture (NYSE:CGA) Shares Cross Above Two Hundred Day Moving Average of $2.45

China Green Agriculture, Inc. (NYSE:CGA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.45 and traded as high as $2.85. China Green Agriculture shares last traded at $2.85, with a volume of 461 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of China Green Agriculture in a research report on Tuesday. They issued a “sell” rating for the company.

China Green Agriculture Trading Down 0.2 %

The company has a market capitalization of $39.44 million, a PE ratio of -2.36 and a beta of 0.50. The firm’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $2.45.

China Green Agriculture (NYSE:CGA) last released its quarterly earnings data on Friday, February 9th. The basic materials company reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $17.80 million during the quarter. China Green Agriculture had a negative net margin of 14.54% and a negative return on equity of 12.68%.

Institutional Investors Weigh In On China Green Agriculture

Several hedge funds have recently modified their holdings of CGA. Susquehanna International Group LLP purchased a new stake in shares of China Green Agriculture in the 1st quarter worth approximately $175,000. Dimensional Fund Advisors LP purchased a new stake in shares of China Green Agriculture in the 1st quarter worth approximately $115,000. Finally, Renaissance Technologies LLC lifted its position in shares of China Green Agriculture by 67.8% in the 1st quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 7,700 shares during the period. Hedge funds and other institutional investors own 0.12% of the company’s stock.

China Green Agriculture Company Profile

China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers, agricultural products, and bitcoin in the People's Republic of China and the United States. The company operates through four segments: Jinong (Fertilizer Production); Gufeng (Fertilizer Production); Yuxing (Agricultural Products Production); and Antaeus (Bitcoin).