Ag Growth International (TSE:AFN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Ag Growth International Inc. (TSE:AFNGet Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$53.94 and traded as high as C$54.27. Ag Growth International shares last traded at C$53.70, with a volume of 30,533 shares changing hands.

Analyst Ratings Changes

Separately, TD Securities dropped their price objective on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Buy” and a consensus target price of C$77.56.

Get Our Latest Analysis on Ag Growth International

Ag Growth International Trading Down 0.5 %

The company has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The business’s 50-day simple moving average is C$54.14 and its 200-day simple moving average is C$53.94.

Ag Growth International (TSE:AFNGet Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. The firm had revenue of C$351.78 million for the quarter, compared to the consensus estimate of C$397.51 million. On average, research analysts expect that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Ag Growth International’s dividend payout ratio is presently 39.47%.

About Ag Growth International

(Get Free Report)

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.

Featured Stories

Receive News & Ratings for Ag Growth International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ag Growth International and related companies with MarketBeat.com's FREE daily email newsletter.