Ag Growth International (TSE:AFN) Stock Price Down 26.3% – What’s Next?

Ag Growth International Inc. (TSE:AFN) shares traded down 26.3% on Thursday . The company traded as low as C$9.20 and last traded at C$9.71. Approximately 358,282 shares were traded during mid-day trading, an increase of 173% from the average daily volume of 131,253 shares. The stock had previously closed at C$13.18.

Wall Street Analyst Weigh In

Several analysts have issued reports on AFN shares. ATB Cormark Capital Markets cut their price target on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. National Bank Financial lowered their price objective on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada lowered their price target 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. Finally, Desjardins dropped their price target on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$23.56.

Ag Growth International Stock Down 26.4%

The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. The company has a fifty day simple moving average of C$14.97 and a 200 day simple moving average of C$19.01. The firm has a market capitalization of C$183.14 million, a P/E ratio of -1.56, a P/E/G ratio of 1.30 and a beta of 1.15.

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

Insider Activity at Ag Growth International

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

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.