Ag Growth International (TSE:AFN) Hits New 12-Month Low – Time to Sell?

Shares of Ag Growth International Inc. (TSE:AFN) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$35.70 and last traded at C$35.70, with a volume of 18069 shares trading hands. The stock had previously closed at C$36.53.

Analyst Upgrades and Downgrades

AFN has been the subject of several analyst reports. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. National Bankshares cut their price objective on shares of Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$75.00 to C$45.00 in a research note on Thursday, January 30th. Raymond James dropped their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday, January 14th. Finally, TD Securities reduced their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$60.38.

Ag Growth International Price Performance

The firm has a market cap of C$698.57 million, a PE ratio of 29.18, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The business’s fifty day moving average is C$43.32 and its 200-day moving average is C$49.57.

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.64%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s dividend payout ratio (DPR) is 47.90%.

Ag Growth International Company Profile

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.