StockNews.com Initiates Coverage on China Green Agriculture (NYSE:CGA)

Research analysts at StockNews.com initiated coverage on shares of China Green Agriculture (NYSE:CGA) in a research report issued on Monday. The firm set a “sell” rating on the basic materials company’s stock.

China Green Agriculture Price Performance

NYSE:CGA opened at $3.06 on Monday. The stock has a market cap of $42.29 million, a P/E ratio of -2.53 and a beta of 0.50. China Green Agriculture has a one year low of $1.61 and a one year high of $4.17. The company has a fifty day moving average price of $2.82 and a 200 day moving average price of $2.42.

China Green Agriculture (NYSE:CGA) last released its earnings results on Friday, February 9th. The basic materials company reported ($0.40) EPS for the quarter. China Green Agriculture had a negative net margin of 14.54% and a negative return on equity of 12.68%. The company had revenue of $17.80 million for the quarter.

Hedge Funds Weigh In On China Green Agriculture

A number of hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP acquired a new stake in shares of China Green Agriculture during the 1st quarter worth about $175,000. Dimensional Fund Advisors LP acquired a new stake in shares of China Green Agriculture during the 1st quarter worth about $115,000. Finally, Renaissance Technologies LLC increased its position in shares of China Green Agriculture by 67.8% during the 1st quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 0.12% of the company’s stock.

About China Green Agriculture

China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers, agricultural products, and bitcoin in the People's Republic of China and the United States. The company operates through four segments: Jinong (Fertilizer Production); Gufeng (Fertilizer Production); Yuxing (Agricultural Products Production); and Antaeus (Bitcoin).