American Farmland Co (AFCO) Sees Unusually-High Trading Volume
American Farmland Co (NASDAQ:AFCO) saw unusually-strong trading volume on Tuesday . Approximately 126,099 shares changed hands during trading, an increase of 98% from the previous session’s volume of 63,766 shares.The stock last traded at $5.78 and had previously closed at $5.90.
Separately, Zacks Investment Research raised shares of American Farmland from a “sell” rating to a “hold” rating in a research note on Monday, August 8th.
The stock’s market capitalization is $97.13 million. The company’s 50-day moving average is $5.99 and its 200 day moving average is $6.23.
American Farmland (NASDAQ:AFCO) last issued its quarterly earnings data on Monday, August 15th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The firm had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $3.19 million. The company’s revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that American Farmland Co will post ($0.03) EPS 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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