American Farmland Co (AFCO) Stock Price Up 4.3%
American Farmland Co (NASDAQ:AFCO) shares rose 4.3% during mid-day trading on Friday . The company traded as high as $6.06 and last traded at $6.02, with a volume of 87,546 shares trading hands. The stock had previously closed at $5.77.
Separately, Zacks Investment Research upgraded American Farmland from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th.
The stock’s 50-day moving average price is $5.97 and its 200 day moving average price is $6.22. The company’s market capitalization is $102.37 million.
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 analysts’ consensus estimates of $0.03 by $0.04. The company earned $3.08 million during the quarter, compared to the consensus estimate of $3.19 million. The business’s quarterly revenue was up 9.6% on a year-over-year basis. 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.