American Farmland Co (AFCO) Trading Down 1.8%
Shares of American Farmland Co (NASDAQ:AFCO) fell 1.8% on Thursday . The stock traded as low as $5.85 and last traded at $5.98, with a volume of 81,289 shares changing hands. The stock had previously closed at $6.09.
Separately, Zacks Investment Research raised American Farmland from a “sell” rating to a “hold” rating in a report on Monday, August 8th.
The stock’s market cap is $98.65 million. The company’s 50-day moving average is $5.98 and its 200 day moving average is $6.22.
American Farmland (NASDAQ:AFCO) last issued its quarterly earnings data on Monday, August 15th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The company earned $3.08 million during the quarter, compared to the consensus estimate of $3.19 million. American Farmland’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts anticipate that American Farmland Co will post ($0.03) earnings per share for the current fiscal 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.