Ag Growth International (TSE:AFN) Sets New 52-Week Low - Should You Sell?

Key Points

• Ag Growth International shares fell 5.8% to an intraday 52-week low of C$13.05, well below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed, with four Buy and five Hold ratings; the consensus rating is Hold, although the average price target of C$23.56 implies substantial upside from current levels.
• The company reported a quarterly loss of C$2.06 per share, an 8.43% negative net margin and a 48.31% negative return on equity, while carrying a very high debt-to-equity ratio of 541.43. A director nevertheless bought nearly C$300,000 worth of shares.

Ag Growth International Inc. (TSE:AFN - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$13.05 and last traded at C$13.07, with a volume of 157293 shares. The stock had previously closed at C$13.74.

Wall Street Analyst Weigh In

AFN has been the subject of a number of recent analyst reports. Desjardins lowered 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 report on Friday, July 31st. Royal Bank Of Canada cut their price target on shares of Ag Growth International from C$30.00 to C$20.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. National Bank Financial decreased their price objective on shares of Ag Growth International from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. ATB Cormark Capital Markets lowered their price objective 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 note on Friday, July 31st. Finally, TD increased their target price on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ag Growth International currently has a consensus rating of "Hold" and an average price target of C$23.56.

Ag Growth International Trading Down 5.8%

The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30. The stock has a market capitalization of C$244.06 million, a P/E ratio of -2.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The stock has a 50-day moving average price of C$18.22 and a two-hundred day moving average price of C$21.68.

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

Insider Activity at Ag Growth International

In related news, Director Gary Keith Anderson bought 21,865 shares of the company's stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of C$13.72 per share, with a total value of C$299,987.80. Following the transaction, the director owned 106,990 shares in the company, valued at approximately C$1,467,902.80. This trade represents a 25.69% increase in their position. Corporate insiders own 1.06% of the company's stock.

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.

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