StockNews.com Initiates Coverage on China Green Agriculture (NYSE:CGA)

Stock analysts at StockNews.com initiated coverage on shares of China Green Agriculture (NYSE:CGA) in a note issued to investors on Friday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Green Agriculture Stock Performance

The business has a 50-day moving average price of $1.99 and a 200 day moving average price of $2.10. China Green Agriculture has a 52 week low of $1.60 and a 52 week high of $4.00. The company has a current ratio of 2.04, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $29.28 million, a P/E ratio of -0.98 and a beta of 0.58.

China Green Agriculture (NYSE:CGA) last issued its earnings results on Tuesday, October 15th. The basic materials company reported ($0.72) EPS for the quarter. China Green Agriculture had a negative net margin of 31.34% and a negative return on equity of 26.06%. The business had revenue of $22.71 million for the quarter.

About China Green Agriculture

China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers, agricultural products, and bitcoin in the People's Republic of China and the United States. The company operates through four segments: Jinong (Fertilizer Production); Gufeng (Fertilizer Production); Yuxing (Agricultural Products Production); and Antaeus (Bitcoin).