AGI (NYSE:AGBK) Reaches New 1-Year Low – Here’s Why

AGI Inc (NYSE:AGBK)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.07 and last traded at $6.09, with a volume of 90075 shares trading hands. The stock had previously closed at $6.21.

Wall Street Analysts Forecast Growth

AGBK has been the topic of several recent research reports. Oppenheimer decreased their price target on shares of AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. The Goldman Sachs Group set a $13.00 price target on shares of AGI in a report on Thursday, August 6th. Zacks Research lowered AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AGI in a report on Friday. Finally, Itau BBA Securities cut AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target for the company. in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AGI presently has a consensus rating of “Hold” and a consensus price target of $14.14.

AGI Trading Down 2.1%

The company has a 50 day simple moving average of $6.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $972.37 million and a price-to-earnings ratio of 19.61.

AGI Company Profile

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.