Ag Growth International (TSE:AFN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Ag Growth International Inc. (TSE:AFN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$52.29 and traded as high as C$52.66. Ag Growth International shares last traded at C$52.30, with a volume of 69,531 shares.

Analysts Set New Price Targets

Several equities analysts have commented on AFN shares. TD Securities cut their price target on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a report on Monday, August 12th. CIBC cut their target price on Ag Growth International from C$75.00 to C$70.00 in a research note on Thursday, November 7th. Royal Bank of Canada decreased their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Finally, Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Ag Growth International has an average rating of “Moderate Buy” and a consensus target price of C$74.38.

Ag Growth International Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The stock has a fifty day simple moving average of C$52.18 and a 200-day simple moving average of C$52.29. The company has a market capitalization of C$997.36 million, a P/E ratio of 34.41, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio is currently 39.47%.

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.