American Farmland Co (AFCO) Sees Large Volume Increase
American Farmland Co (NASDAQ:AFCO) shares saw unusually-strong trading volume on Wednesday . Approximately 97,003 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 65,760 shares.The stock last traded at $6.00 and had previously closed at $6.00.
Separately, Zacks Investment Research cut American Farmland from a “hold” rating to a “sell” rating in a report on Wednesday, June 8th.
The company’s market cap is $101.36 million. The stock has a 50-day moving average price of $5.99 and a 200 day moving average price of $6.21.
American Farmland Company is an internally managed real estate company. The Company owns a portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland in development, located in select major agricultural regions in the United States.