American Vanguard (NYSE:AVD) Stock Price Passes Above 200-Day Moving Average – Here’s Why

American Vanguard Corporation (NYSE:AVD)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.64 and traded as high as $4.71. American Vanguard shares last traded at $4.6680, with a volume of 205,515 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on AVD. Wall Street Zen raised American Vanguard from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Vanguard in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Vanguard presently has a consensus rating of “Hold” and a consensus target price of $12.00.

American Vanguard Stock Performance

The firm has a 50-day moving average of $5.34 and a two-hundred day moving average of $4.64. The company has a quick ratio of 1.00, a current ratio of 1.91 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $132.72 million, a PE ratio of -1.04 and a beta of 1.26.

Institutional Trading of American Vanguard

A number of institutional investors and hedge funds have recently made changes to their positions in AVD. Cerity Partners LLC acquired a new position in shares of American Vanguard during the 1st quarter worth approximately $48,000. American Century Companies Inc. raised its stake in shares of American Vanguard by 142.5% during the 1st quarter. American Century Companies Inc. now owns 155,355 shares of the basic materials company’s stock worth $684,000 after buying an additional 91,283 shares during the period. Hsbc Holdings PLC raised its stake in shares of American Vanguard by 11.4% during the 1st quarter. Hsbc Holdings PLC now owns 60,027 shares of the basic materials company’s stock worth $262,000 after buying an additional 6,119 shares during the period. Mackenzie Financial Corp raised its stake in shares of American Vanguard by 27.2% during the 1st quarter. Mackenzie Financial Corp now owns 130,339 shares of the basic materials company’s stock worth $573,000 after buying an additional 27,896 shares during the period. Finally, Trexquant Investment LP raised its stake in shares of American Vanguard by 415.6% during the 1st quarter. Trexquant Investment LP now owns 127,504 shares of the basic materials company’s stock worth $561,000 after buying an additional 102,774 shares during the period. 79.00% of the stock is currently owned by hedge funds and other institutional investors.

About American Vanguard

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.