American Farmland Co (AFCO) Stock Price Down 1.8%
American Farmland Co (NASDAQ:AFCO)’s share price was down 1.8% on Thursday . The company traded as low as $5.85 and last traded at $5.98, with a volume of 81,289 shares. The stock had previously closed at $6.09.
Separately, Zacks Investment Research raised shares of American Farmland from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th.
The company’s market capitalization is $101.53 million. The firm has a 50-day moving average price of $5.98 and a 200 day moving average price of $6.22.
American Farmland (NASDAQ:AFCO) last issued its earnings results on Monday, August 15th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $3.19 million. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts predict that American Farmland Co will post ($0.03) earnings per share for the current year.
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.
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