Ag Growth International (TSE:AFN) Sets New 52-Week Low - What's Next?

Ag Growth International Inc. (TSE:AFN - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as C$43.54 and last traded at C$43.56, with a volume of 40385 shares changing hands. The stock had previously closed at C$47.23.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank of Canada decreased their price target on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. CIBC raised their price objective on shares of Ag Growth International from C$70.00 to C$72.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, Raymond James cut shares of Ag Growth International from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from C$72.00 to C$62.00 in a research note on Friday, October 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$74.63.

Ag Growth International Trading Down 12.6 %

The company has a market capitalization of C$787.40 million, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The business's 50 day moving average price is C$51.91 and its two-hundred day moving average price is C$52.85. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, December 31st. Ag Growth International's dividend payout ratio is presently 39.47%.

About Ag Growth International

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.