Ag Growth International (TSE:AFN) Hits New 1-Year Low – Should You Sell?

Ag Growth International Inc. (TSE:AFN)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$12.62 and last traded at C$12.69, with a volume of 87239 shares trading hands. The stock had previously closed at C$12.90.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Desjardins reduced their price target on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Royal Bank Of Canada dropped their price objective on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. ATB Cormark Capital Markets cut their target price on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. TD boosted their target price on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$23.56.

Ag Growth International Price Performance

The stock has a market capitalization of C$251.23 million, a price-to-earnings ratio of -2.14, a P/E/G ratio of 1.30 and a beta of 0.94. The company has a fifty day simple moving average of C$17.29 and a 200 day simple moving average of C$20.96. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. The company had revenue of C$323.18 million during the quarter. Equities research analysts forecast that Ag Growth International Inc. will post 6.5761006 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gary Keith Anderson bought 21,865 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of C$13.72 per share, with a total value of C$299,987.80. Following the transaction, the director owned 106,990 shares of the company’s stock, valued at C$1,467,902.80. This trade represents a 25.69% increase in their position. Corporate insiders own 1.06% of the company’s stock.

About Ag Growth International

Ag Growth International Inc is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.