China Green Agriculture (NYSE:CGA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of China Green Agriculture (NYSE:CGA) in a report issued on Tuesday morning. The brokerage issued a sell rating on the basic materials company’s stock.

China Green Agriculture Stock Up 1.7 %

NYSE CGA opened at $2.91 on Tuesday. China Green Agriculture has a 52-week low of $1.61 and a 52-week high of $4.08. The business’s 50-day moving average price is $2.90 and its 200 day moving average price is $2.46. The firm has a market cap of $40.22 million, a P/E ratio of -2.40 and a beta of 0.50.

China Green Agriculture (NYSE:CGA) last announced its quarterly earnings data on Friday, February 9th. The basic materials company reported ($0.40) earnings per share for the quarter. China Green Agriculture had a negative net margin of 14.54% and a negative return on equity of 12.68%. The business had revenue of $17.80 million during the quarter.

Institutional Investors Weigh In On China Green Agriculture

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of China Green Agriculture by 67.8% during the 1st quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 7,700 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of China Green Agriculture during the 1st quarter valued at approximately $175,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of China Green Agriculture during the 1st quarter worth approximately $115,000. Hedge funds and other institutional investors own 0.12% of the company’s stock.

China Green Agriculture Company Profile

China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers, agricultural products, and bitcoin in the People's Republic of China and the United States. The company operates through four segments: Jinong (Fertilizer Production); Gufeng (Fertilizer Production); Yuxing (Agricultural Products Production); and Antaeus (Bitcoin).