Ag Growth International (TSE:AFN) Reaches New 52-Week Low – Here’s What Happened

Ag Growth International Inc. (TSE:AFN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$13.05 and last traded at C$13.07, with a volume of 157293 shares. The stock had previously closed at C$13.74.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AFN. Desjardins reduced their price objective on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, July 31st. National Bank Financial lowered their target price on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. TD increased their target price on Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets reduced their price target 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 report on Friday, July 31st. Finally, Royal Bank Of Canada reduced their price target on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$23.56.

Ag Growth International Stock Up 3.1%

The stock has a fifty day moving average of C$17.90 and a 200 day moving average of C$21.50. The company has a debt-to-equity ratio of 541.43, a current ratio of 1.30 and a quick ratio of 0.84. The firm has a market capitalization of C$245.19 million, a P/E ratio of -2.09, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94.

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

Insider Buying and Selling at Ag Growth International

In related news, Director Gary Keith Anderson purchased 21,865 shares of Ag Growth International stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the completion of the transaction, the director owned 106,990 shares in the company, valued at C$1,467,902.80. This represents a 25.69% increase in their ownership of the stock. 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.