Ag Growth International (TSE:AFN) Sets New 12-Month Low – Should You Sell?

Ag Growth International Inc. (TSE:AFN)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$31.60 and last traded at C$32.04, with a volume of 138574 shares traded. The stock had previously closed at C$34.04.

Analyst Ratings Changes

AFN has been the subject of several recent analyst reports. TD Securities reduced their price objective on shares of Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. ATB Capital decreased their price objective on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. CIBC dropped their target price on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Atb Cap Markets cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from C$52.00 to C$47.00 in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Ag Growth International currently has an average rating of “Moderate Buy” and an average price target of C$50.25.

Ag Growth International Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The stock has a market capitalization of C$611.99 million, a PE ratio of 25.56, a PEG ratio of 1.30 and a beta of 2.29. The firm has a 50 day moving average price of C$36.43 and a 200-day moving average price of C$45.72.

Ag Growth International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, March 31st. Ag Growth International’s dividend payout ratio is presently 47.90%.

Insider Buying and Selling at Ag Growth International

In related news, Director Anne De Greef-Safft acquired 2,000 shares of Ag Growth International stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of C$36.99 per share, for a total transaction of C$73,985.00. Also, Senior Officer Paul David Householder bought 4,000 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average price of C$36.01 per share, for a total transaction of C$144,040.00. In the last ninety days, insiders acquired 12,000 shares of company stock worth $436,101. Company insiders own 1.06% of the company’s stock.

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.