American Farmland Co (AFCO) Sees Unusually-High Trading Volume
American Farmland Co (NASDAQ:AFCO) saw strong trading volume on Tuesday . 126,099 shares changed hands during mid-day 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 report on Monday, August 8th.
The firm’s market cap is $97.80 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 released its earnings results on Monday, August 15th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.04. The company earned $3.08 million during the quarter, compared to analysts’ expectations of $3.19 million. American Farmland’s quarterly revenue was up 9.6% on a year-over-year basis. On average, 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.