American Vanguard (NYSE:AVD) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of American Vanguard Corporation (NYSE:AVD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.85 and traded as high as $5.35. American Vanguard shares last traded at $5.2440, with a volume of 134,157 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on AVD shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Vanguard in a research note on Wednesday, January 21st. Wall Street Zen downgraded American Vanguard from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Vanguard has an average rating of “Hold” and a consensus price target of $12.00.

American Vanguard Trading Up 1.6%

The stock has a market cap of $149.30 million, a price-to-earnings ratio of -1.32 and a beta of 1.25. The business’s 50 day moving average is $4.44 and its 200 day moving average is $4.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.77 and a quick ratio of 0.90.

Hedge Funds Weigh In On American Vanguard

Several hedge funds have recently added to or reduced their stakes in AVD. Strs Ohio purchased a new stake in shares of American Vanguard during the 1st quarter worth approximately $28,000. nVerses Capital LLC purchased a new stake in American Vanguard in the fourth quarter valued at $42,000. CWM LLC boosted its stake in American Vanguard by 46.8% in the second quarter. CWM LLC now owns 13,838 shares of the basic materials company’s stock valued at $54,000 after acquiring an additional 4,413 shares in the last quarter. Jain Global LLC purchased a new position in shares of American Vanguard during the fourth quarter worth about $53,000. Finally, XTX Topco Ltd acquired a new stake in shares of American Vanguard during the second quarter worth about $57,000. 79.00% of the stock is currently owned by hedge funds and other institutional investors.

American Vanguard Company Profile

American Vanguard Corporation (NYSE: AVD) is a developer, manufacturer and marketer of specialty chemical products for crop protection, turf and ornamental care, and public health pest control. Headquartered in Newport Beach, California, the company offers a portfolio of insecticides, herbicides, fungicides and rodenticides designed for use across agricultural, turf and urban pest management applications. Its research and development efforts focus on novel chemistries and formulation technologies that address emerging pest resistance and regulatory requirements.

The company’s product lines include emulsifiable concentrates, wettable powders, granular formulations, baits and liquid concentrates sold under proprietary brand names.