StockNews.com Initiates Coverage on China Green Agriculture (NYSE:CGA)

Analysts at StockNews.com began coverage on shares of China Green Agriculture (NYSE:CGA) in a research note issued on Tuesday. The firm set a “sell” rating on the basic materials company’s stock.

China Green Agriculture Stock Down 2.1 %

China Green Agriculture stock opened at $2.79 on Tuesday. China Green Agriculture has a 12-month low of $1.61 and a 12-month high of $4.08. The business’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $2.45. The stock has a market cap of $38.56 million, a PE ratio of -2.31 and a beta of 0.50.

China Green Agriculture (NYSE:CGA) last released its quarterly earnings results on Friday, February 9th. The basic materials company reported ($0.40) earnings per share for the quarter. The firm had revenue of $17.80 million for the quarter. China Green Agriculture had a negative return on equity of 12.68% and a negative net margin of 14.54%.

Hedge Funds Weigh In On China Green Agriculture

Several large investors have recently bought and sold shares of CGA. Dimensional Fund Advisors LP purchased a new stake in China Green Agriculture in the 1st quarter worth about $115,000. Susquehanna International Group LLP purchased a new position in China Green Agriculture during the 1st quarter valued at about $175,000. Finally, Renaissance Technologies LLC grew its holdings in China Green Agriculture by 67.8% during the 1st quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock valued at $192,000 after buying an additional 7,700 shares in the last quarter. 0.12% of the stock is currently owned by institutional investors.

About China Green Agriculture

China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers, agricultural products, and bitcoin in the People's Republic of China and the United States. The company operates through four segments: Jinong (Fertilizer Production); Gufeng (Fertilizer Production); Yuxing (Agricultural Products Production); and Antaeus (Bitcoin).