Ag Growth International (TSE:AFN) Trading Down 34.8% – Time to Sell?

Ag Growth International Inc. (TSE:AFN) was down 34.8% during trading on Friday . The company traded as low as C$18.65 and last traded at C$21.16. Approximately 857,249 shares traded hands during mid-day trading, an increase of 909% from the average daily volume of 84,949 shares. The stock had previously closed at C$32.45.

Analyst Ratings Changes

Several research analysts recently issued reports on AFN shares. Atb Cap Markets raised Ag Growth International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. TD Securities upped their price target on shares of Ag Growth International from C$55.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Raymond James Financial upped their target price on Ag Growth International from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reduced their price objective on Ag Growth International from C$55.00 to C$50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Finally, Desjardins decreased their target price on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$50.43.

Ag Growth International Stock Performance

The stock has a fifty day moving average of C$36.29 and a 200-day moving average of C$39.00. The stock has a market capitalization of C$393.86 million, a PE ratio of -58.19, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.15 per share. The ex-dividend date was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. Ag Growth International’s dividend payout ratio (DPR) is -166.67%.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.