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

Ag Growth International Inc. (TSE:AFN) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$13.49 and last traded at C$13.87, with a volume of 539360 shares traded. The stock had previously closed at C$14.32.

Analyst Ratings Changes

Several brokerages have recently commented on AFN. ATB Cormark Capital Markets upped their target price on Ag Growth International from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Royal Bank Of Canada raised Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$25.00 to C$30.00 in a research note on Monday, May 11th. TD lifted their target price on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. National Bank Financial cut their price target on shares of Ag Growth International from C$24.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$27.78.

Ag Growth International Price Performance

The company has a market capitalization of C$257.26 million, a PE ratio of -4.77, a P/E/G ratio of 1.30 and a beta of 0.99. The company has a debt-to-equity ratio of 497.80, a quick ratio of 0.84 and a current ratio of 1.35. The stock has a 50 day moving average price of C$20.52 and a two-hundred day moving average price of C$23.20.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, July 29th. The company reported C($2.06) EPS for the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%.The business had revenue of C$323.18 million during the quarter. Equities analysts forecast that Ag Growth International Inc. will post 6.5761006 earnings per share for the current year.

Insider Activity

In other Ag Growth International news, Director Rohit Bhardwaj acquired 8,500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the acquisition, the director owned 28,500 shares of the company’s stock, valued at approximately C$684,000. This trade represents a 42.50% increase in their position. Insiders own 1.06% of the company’s stock.

Ag Growth International Company Profile

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.