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

Ag Growth International Inc. (TSE:AFN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$38.95 and traded as high as C$41.86. Ag Growth International shares last traded at C$41.65, with a volume of 45,255 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently commented on AFN. CIBC lowered their price objective on shares of Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Raymond James Financial raised shares of Ag Growth International from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from C$52.00 to C$47.00 in a research note on Friday, March 7th. ATB Capital upped their price objective on shares of Ag Growth International from C$43.00 to C$47.00 and gave the company a "sector perform" rating in a research note on Thursday, June 19th. National Bankshares upped their price objective on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, TD Securities increased their price target on shares of Ag Growth International from C$48.00 to C$55.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$49.43.

Ag Growth International Trading Down 0.4%

The company has a market capitalization of C$813.44 million, a P/E ratio of 33.98, a P/E/G ratio of 1.30 and a beta of 2.29. The stock's 50 day moving average is C$38.85 and its 200-day moving average is C$38.84. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

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.