Ag Growth International (TSE:AFN) Hits New 52-Week Low – Time to Sell?

Ag Growth International Inc. (TSE:AFN) reached a new 52-week low during trading on Wednesday . The company traded as low as C$12.62 and last traded at C$12.69, with a volume of 87239 shares changing hands. The stock had previously closed at C$12.90.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AFN shares. ATB Cormark Capital Markets decreased their price objective on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. National Bank Financial reduced their target price on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Desjardins reduced their target price on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, July 31st. TD upped their target price on Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce raised their price target on Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$23.56.

Ag Growth International Stock Performance

The firm’s 50-day moving average is C$17.59 and its 200 day moving average is C$21.20. The stock has a market cap of C$239.72 million, a PE ratio of -2.04, a P/E/G ratio of 1.30 and a beta of 0.94. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. The business had revenue of C$323.18 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. As a group, research analysts anticipate that Ag Growth International Inc. will post 6.5761006 EPS for the current year.

Insider Buying and Selling at Ag Growth International

In related news, Director Gary Keith Anderson purchased 21,865 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of C$13.72 per share, with a total value of C$299,987.80. Following the completion of the acquisition, the director directly owned 106,990 shares in the company, valued at C$1,467,902.80. This represents a 25.69% increase in their position. Company insiders own 1.06% of the company’s stock.

About Ag Growth International

Ag Growth International Inc is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.