American Farmland Co (AFCO) Sees Strong Trading Volume
American Farmland Co (NASDAQ:AFCO) shares saw unusually-high trading volume on Monday . Approximately 95,276 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 68,806 shares.The stock last traded at $6.20 and had previously closed at $6.05.
Separately, Zacks Investment Research cut American Farmland from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th.
The firm’s market capitalization is $104.91 million. The company has a 50 day moving average of $5.97 and a 200-day moving average of $6.22.
American Farmland (NASDAQ:AFCO) last posted its earnings results 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 analyst estimates of $3.19 million. American Farmland’s revenue was up 9.6% compared to the same quarter last year. Equities analysts forecast that American Farmland Co will post ($0.03) EPS 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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