AGI (NYSE:AGBK) Hits New 12-Month Low – Here’s Why

Shares of AGI Inc (NYSE:AGBK) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.07 and last traded at $6.09, with a volume of 90075 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

Several equities analysts recently commented on AGBK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of AGI in a research note on Friday, August 7th. Susquehanna set a $14.00 target price on AGI in a research report on Friday, May 8th. Oppenheimer dropped their price target on AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Zacks Research downgraded AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group set a $13.00 price objective on AGI in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.14.

AGI Trading Up 2.1%

The stock has a fifty day moving average of $6.89. The firm has a market capitalization of $1.00 billion and a P/E ratio of 10.67. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.31.

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.