Ag Growth International (OTCMKTS:AGGZF) Stock Price Up 3.7% – Time to Buy?

Shares of Ag Growth International Inc. (OTCMKTS:AGGZF) rose 3.7% on Thursday . The stock traded as high as $31.35 and last traded at $31.35. Approximately 204 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 2,784 shares. The stock had previously closed at $30.22.

Analysts Set New Price Targets

AGGZF has been the subject of several recent research reports. CIBC reiterated an “outperform” rating on shares of Ag Growth International in a research report on Friday, July 18th. TD Securities reiterated a “buy” rating on shares of Ag Growth International in a research report on Tuesday, August 5th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Ag Growth International in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $62.00.

Ag Growth International Stock Performance

The company has a 50 day moving average price of $30.85 and a 200-day moving average price of $27.54.

Ag Growth International Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.1104 dividend. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from Ag Growth International’s previous dividend of $0.11. This represents a yield of 148.0%. Ag Growth International’s payout ratio is currently 77.61%.

About Ag Growth International

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.