Ag Growth International (TSE:AFN) Hits New 1-Year Low – Here’s What Happened

Shares of Ag Growth International Inc. (TSE:AFN) reached a new 52-week low on Thursday . The company traded as low as C$13.05 and last traded at C$13.07, with a volume of 157293 shares traded. The stock had previously closed at C$13.74.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AFN shares. ATB Cormark Capital Markets decreased their target price 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. National Bank Financial dropped their price target on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Desjardins reduced their price target on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada decreased their price objective on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, TD raised their price objective on Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$23.56.

Ag Growth International Price Performance

The company has a debt-to-equity ratio of 541.43, a current ratio of 1.30 and a quick ratio of 0.84. The firm’s 50 day moving average is C$18.22 and its 200 day moving average is C$21.68. The firm has a market cap of C$244.06 million, a P/E ratio of -2.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%.The business had revenue of C$323.18 million during the quarter. As a group, analysts anticipate that Ag Growth International Inc. will post 6.5761006 earnings per share for the current year.

Insider Activity at Ag Growth International

In related news, Director Gary Keith Anderson purchased 21,865 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the purchase, 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 corporate insiders.

Ag Growth International Company Profile

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.