China Green Agriculture (NYSE:CGA) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of China Green Agriculture (NYSE:CGA) in a report published on Tuesday morning. The firm issued a sell rating on the basic materials company’s stock.

China Green Agriculture Trading Up 1.7 %

Shares of China Green Agriculture stock opened at $2.91 on Tuesday. The firm has a market cap of $40.22 million, a P/E ratio of -2.40 and a beta of 0.50. China Green Agriculture has a 12 month low of $1.61 and a 12 month high of $4.08. The stock’s fifty day moving average price is $2.90 and its 200-day moving average price is $2.46.

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

Hedge Funds Weigh In On China Green Agriculture

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGA. Dimensional Fund Advisors LP purchased a new stake in shares of China Green Agriculture during the first quarter worth about $115,000. Susquehanna International Group LLP purchased a new stake in shares of China Green Agriculture during the first quarter worth about $175,000. Finally, Renaissance Technologies LLC grew its stake in shares of China Green Agriculture by 67.8% during the first quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock worth $192,000 after acquiring an additional 7,700 shares during the last quarter. Hedge funds and other institutional investors 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).