Ag Growth International (TSE:AFN) Shares Pass Above 200 Day Moving Average - Should You Sell?

Ag Growth International Inc. (TSE:AFN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.67 and traded as high as C$43.54. Ag Growth International shares last traded at C$43.31, with a volume of 51,669 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AFN shares. Desjardins upgraded shares of Ag Growth International to a "moderate buy" rating in a research note on Monday, June 9th. TD Securities increased their price objective on Ag Growth International from C$48.00 to C$55.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. CIBC lowered their target price on shares of Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. National Bankshares boosted their price target on Ag Growth International from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada upgraded shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$40.00 to C$50.00 in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Ag Growth International presently has a consensus rating of "Moderate Buy" and a consensus price target of C$49.43.

Ag Growth International Stock Performance

The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The stock's 50-day simple moving average is C$39.42 and its two-hundred day simple moving average is C$38.67. The stock has a market cap of C$823.18 million, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

About Ag Growth International

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.