American Vanguard (NYSE:AVD) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of American Vanguard (NYSE:AVD) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings downgraded shares of American Vanguard from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

American Vanguard Price Performance

Shares of AVD opened at $2.23 on Friday. The firm has a market capitalization of $65.78 million, a price-to-earnings ratio of -1.17 and a beta of 1.43. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.40 and a current ratio of 2.47. American Vanguard has a one year low of $2.03 and a one year high of $5.92. The stock’s fifty day moving average is $2.62 and its 200-day moving average is $3.17.

American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.43). The company had revenue of $116.75 million during the quarter, compared to analyst estimates of $135.00 million. American Vanguard had a negative return on equity of 9.05% and a negative net margin of 10.70%.

Institutional Trading of American Vanguard

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of American Vanguard in the second quarter valued at $79,000. Hsbc Holdings PLC acquired a new position in American Vanguard during the second quarter worth about $193,000. Algert Global LLC acquired a new position in American Vanguard during the second quarter worth about $123,000. Ieq Capital LLC bought a new stake in American Vanguard in the second quarter worth about $117,000. Finally, BlackRock Inc. bought a new stake in American Vanguard in the second quarter worth about $2,614,000. Institutional investors own 79.00% of the company’s stock.

About American Vanguard

American Vanguard Corporation (NYSE: AVD) is a developer, manufacturer and marketer of specialty chemical products for crop protection, turf and ornamental care, and public health pest control. Headquartered in Newport Beach, California, the company offers a portfolio of insecticides, herbicides, fungicides and rodenticides designed for use across agricultural, turf and urban pest management applications. Its research and development efforts focus on novel chemistries and formulation technologies that address emerging pest resistance and regulatory requirements.

The company’s product lines include emulsifiable concentrates, wettable powders, granular formulations, baits and liquid concentrates sold under proprietary brand names.