StockNews.com Initiates Coverage on China Green Agriculture (NYSE:CGA)

StockNews.com began coverage on shares of China Green Agriculture (NYSE:CGA) in a research note issued to investors on Wednesday. The brokerage issued a sell rating on the basic materials company’s stock.

China Green Agriculture Stock Down 1.6 %

Shares of NYSE CGA opened at $3.00 on Wednesday. The firm’s 50-day moving average price is $2.91 and its 200-day moving average price is $2.48. China Green Agriculture has a 52-week low of $1.61 and a 52-week high of $4.00. The company has a market cap of $41.46 million, a PE ratio of -2.48 and a beta of 0.50.

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

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).