Ag Growth International (OTCMKTS:AGGZF) Stock Price Down 0.4% – Time to Sell?

Ag Growth International Inc. (OTCMKTS:AGGZF)’s stock price was down 0.4% during trading on Thursday . The company traded as low as $21.86 and last traded at $21.89. Approximately 1,906 shares changed hands during trading, a decline of 86% from the average daily volume of 13,673 shares. The stock had previously closed at $21.97.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AGGZF. Desjardins restated a “buy” rating on shares of Ag Growth International in a research report on Monday, January 12th. Raymond James Financial lowered Ag Growth International from an “outperform” rating to a “market perform” rating in a research note on Friday, November 14th. National Bankshares reiterated an “outperform” rating on shares of Ag Growth International in a research report on Monday, December 1st. Royal Bank Of Canada restated a “sector perform” rating on shares of Ag Growth International in a research report on Tuesday, January 13th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Ag Growth International in a research report on Monday, January 12th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Ag Growth International Price Performance

The stock has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $23.68.

About Ag Growth International

AG Growth International Inc is a Canada‐based designer, manufacturer and distributor of products used in grain handling, storage, conditioning and food processing. The company’s portfolio includes equipment for grain systems operations, such as vertical and horizontal storage bins, mechanical conveyors, grain dryers, aeration systems and climate controls. In addition to its core ag handling business, AG Growth offers liquid handling solutions, including portable tanker trailers, poly tanks, pumps and related accessories, addressing the needs of agricultural, commercial and industrial customers.

Founded in the mid-1990s and headquartered in Winnipeg, Manitoba, AG Growth International has grown through a combination of internal product development and strategic acquisitions of established equipment manufacturers.