Ag Growth International (OTCMKTS:AGGZF) Trading Up 5% – Time to Buy?

Ag Growth International Inc. (OTCMKTS:AGGZF) traded up 5% during trading on Friday . The stock traded as high as $16.47 and last traded at $16.47. 2,650 shares changed hands during trading, a decline of 61% from the average session volume of 6,783 shares. The stock had previously closed at $15.6920.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AGGZF. CIBC downgraded shares of Ag Growth International from an “outperform” rating to a “neutral” rating in a report on Monday, November 17th. Raymond James Financial lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating in a research report on Friday, November 14th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Ag Growth International in a report on Monday, December 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Ag Growth International Stock Performance

The firm has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $26.65.

Ag Growth International Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were paid a $0.1091 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a yield of 159.0%. Ag Growth International’s payout ratio is presently 77.61%.

Ag Growth International Company Profile

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.