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

Ag Growth International Inc. (TSE:AFN - Get Free Report) hit a new 52-week low on Friday . The stock 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 a number of research reports. ATB Capital reduced their price target on shares of Ag Growth International from C$57.00 to C$46.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. National Bankshares decreased their target price on Ag Growth International from C$51.00 to C$49.00 and set an "outperform" rating for the company in a research report on Wednesday. TD Securities cut their price target on Ag Growth International from C$48.00 to C$46.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Raymond James raised Ag Growth International from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. Finally, Atb Cap Markets cut shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$50.00.

Ag Growth International Trading Up 7.6 %

The firm has a market capitalization of C$652.70 million, a PE ratio of 27.27, a P/E/G ratio of 1.30 and a beta of 2.29. The firm has a fifty day moving average of C$35.82 and a 200 day moving average of C$45.03. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.76%. Ag Growth International's dividend payout ratio is presently 47.90%.

Insider Buying and Selling

In related news, Director Anne De Greef-Safft bought 2,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of C$36.99 per share, with a total value of C$73,985.00. Also, Senior Officer Paul David Householder bought 4,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of C$36.01 per share, with a total value of C$144,040.00. Over the last quarter, insiders purchased 12,000 shares of company stock worth $436,101. 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.