Ag Growth International (TSE:AFN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Ag Growth International Inc. (TSE:AFN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$53.94 and traded as high as C$54.27. Ag Growth International shares last traded at C$53.70, with a volume of 30,533 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities lowered their price objective on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$77.56.

Ag Growth International Trading Down 0.5 %

The stock has a market capitalization of C$1.02 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The company has a 50-day moving average price of C$54.14 and a 200 day moving average price of C$53.94.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. The firm had revenue of C$351.78 million for the quarter, compared to analysts’ expectations of C$397.51 million. On average, research analysts forecast that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Ag Growth International’s dividend payout ratio (DPR) is presently 39.47%.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.