American Farmland Co (AFCO) Shares Up 4.3%
American Farmland Co (NASDAQ:AFCO) shares shot up 4.3% on Friday . The stock traded as high as $6.06 and last traded at $6.02, with a volume of 87,546 shares. The stock had previously closed at $5.77.
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 firm has a 50-day moving average of $5.97 and a 200-day moving average of $6.22. The stock’s market cap is $102.37 million.
American Farmland (NASDAQ:AFCO) last posted its quarterly 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 analyst estimates of $3.19 million. American Farmland’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts forecast 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.
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