American Vanguard (NYSE:AVD) Cut to "Sell" at Wall Street Zen

American Vanguard (NYSE:AVD - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

American Vanguard Stock Up 1.9%

AVD stock opened at $4.95 on Friday. The firm has a 50 day simple moving average of $4.18 and a 200-day simple moving average of $4.82. American Vanguard has a twelve month low of $3.28 and a twelve month high of $9.84. The company has a market capitalization of $139.73 million, a P/E ratio of -4.81 and a beta of 1.28. The company has a current ratio of 1.89, a quick ratio of 0.79 and a debt-to-equity ratio of 0.55.

American Vanguard (NYSE:AVD - Get Free Report) last released its earnings results on Friday, June 6th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.27). The firm had revenue of $127.00 million for the quarter, compared to analyst estimates of $127.00 million. American Vanguard had a negative return on equity of 3.45% and a negative net margin of 5.22%. During the same period in the previous year, the firm earned $0.06 earnings per share.

Hedge Funds Weigh In On American Vanguard

Several hedge funds have recently added to or reduced their stakes in AVD. Ieq Capital LLC acquired a new position in American Vanguard in the fourth quarter valued at about $54,000. Proficio Capital Partners LLC acquired a new position in American Vanguard in the fourth quarter valued at about $94,000. PNC Financial Services Group Inc. lifted its stake in American Vanguard by 133.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,575 shares of the basic materials company's stock valued at $30,000 after buying an additional 3,753 shares during the period. Intech Investment Management LLC acquired a new position in American Vanguard in the fourth quarter valued at about $50,000. Finally, American Century Companies Inc. lifted its stake in American Vanguard by 23.2% in the fourth quarter. American Century Companies Inc. now owns 64,072 shares of the basic materials company's stock valued at $297,000 after buying an additional 12,057 shares during the period. Institutional investors own 79.04% of the company's stock.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.

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