Ag Growth International (TSE:AFN) Hits New 52-Week Low - Time to Sell?

Key Points

• Ag Growth International fell to a new 52-week low of C$12.62, with the stock last trading at C$12.69—down from its previous close of C$12.90.
• The company reported a quarterly loss of C$2.06 per share on C$323.18 million in revenue, alongside negative net margin and return on equity. Its debt-to-equity ratio was also notably high at 541.43.
• Analysts have a consensus “Hold” rating and an average price target of C$23.56, while director Gary Keith Anderson purchased nearly C$300,000 worth of shares at an average price of C$13.72.

Ag Growth International Inc. (TSE:AFN - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as C$12.62 and last traded at C$12.69, with a volume of 87239 shares. The stock had previously closed at C$12.90.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AFN shares. TD increased their price target on Ag Growth International from C$22.00 to C$30.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Royal Bank Of Canada cut their target price on shares of Ag Growth International from C$30.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. ATB Cormark Capital Markets reduced their target price on shares of Ag Growth International from C$25.00 to C$18.00 and set a "sector perform" rating on the stock in a report on Friday, July 31st. National Bank Financial reduced their target price 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 report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$23.56.

Ag Growth International Stock Down 1.5%

The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. The stock has a market cap of C$239.72 million, a PE ratio of -2.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The firm has a fifty day moving average of C$17.59 and a 200 day moving average of C$21.20.

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

Insiders Place Their Bets

In other Ag Growth International news, Director Gary Keith Anderson bought 21,865 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the completion of the purchase, the director directly owned 106,990 shares in the company, valued at C$1,467,902.80. This trade represents a 25.69% increase in their ownership of the stock. 1.06% of the stock is currently owned by insiders.

Ag Growth International Company Profile

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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