Ag Growth International (OTCMKTS:AGGZF) Stock Price Up 3.2% – Should You Buy?

Ag Growth International Inc. (OTCMKTS:AGGZF) shares shot up 3.2% during mid-day trading on Tuesday . The stock traded as high as $28.71 and last traded at $28.71. 10,193 shares were traded during trading, an increase of 25% from the average session volume of 8,123 shares. The stock had previously closed at $27.81.

Analyst Upgrades and Downgrades

Separately, Raymond James set a $62.00 price target on Ag Growth International and gave the stock a “market perform” rating in a research report on Friday, October 18th.

Ag Growth International Stock Up 3.2 %

The firm’s 50-day moving average price is $36.40 and its 200 day moving average price is $38.04.

Ag Growth International Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be given a dividend of $0.1057 per share. The ex-dividend date is Tuesday, December 31st. This represents a yield of 1.19%. Ag Growth International’s dividend payout ratio is currently 77.61%.

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.