Ag Growth International (TSE:AFN) Reaches New 12-Month Low - Here's Why

Ag Growth International Inc. (TSE:AFN - Get Free Report)'s share price hit a new 52-week low on Wednesday . The stock traded as low as C$36.04 and last traded at C$36.13, with a volume of 2037 shares trading hands. The stock had previously closed at C$36.68.

Analyst Ratings Changes

Several analysts have issued reports on AFN shares. Raymond James cut their price objective on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. Atb Cap Markets lowered Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. National Bankshares decreased their price objective on shares of Ag Growth International from C$67.00 to C$55.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. TD Securities dropped their target price on shares of Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, CIBC reduced their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Ag Growth International has a consensus rating of "Moderate Buy" and a consensus price target of C$60.38.

Ag Growth International Stock Down 1.6 %

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 firm's 50-day moving average price is C$43.64 and its 200 day moving average price is C$49.72. The firm has a market cap of C$695.32 million, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. Ag Growth International's dividend payout ratio is presently 47.90%.

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.