Ag Growth International (TSE:AFN) Hits New 12-Month Low – Here’s Why

Ag Growth International Inc. (TSE:AFN) shares hit a new 52-week low on Monday. The stock traded as low as C$7.13 and last traded at C$7.29, with a volume of 449630 shares traded. The stock had previously closed at C$9.61.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AFN shares. National Bank Financial decreased their price objective 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. ATB Cormark Capital Markets reduced their price target on 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. Desjardins decreased their price target 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. Finally, Royal Bank Of Canada dropped their price objective on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$23.56.

Ag Growth International Stock Performance

The business’s 50-day simple moving average is C$14.55 and its two-hundred day simple moving average is C$18.77. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. The firm has a market cap of C$131.22 million, a price-to-earnings ratio of -1.12, a P/E/G ratio of 1.30 and a beta of 1.15.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. The business had revenue of C$323.18 million during 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, sell-side analysts expect that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Insider Buying and Selling at Ag Growth International

In other Ag Growth International news, Director Gary Keith Anderson bought 21,865 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the transaction, the director directly owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. This represents a 25.69% increase in their position. 1.06% of the stock is currently owned by insiders.

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.