American Vanguard (NYSE:AVD) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

American Vanguard Corporation (NYSE:AVD)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.48 and traded as high as $5.34. American Vanguard shares last traded at $5.09, with a volume of 110,352 shares.

Analyst Upgrades and Downgrades

AVD has been the topic of a number of research analyst reports. Wall Street Zen raised shares of American Vanguard from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Vanguard in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.00.

American Vanguard Stock Performance

The company has a 50-day moving average price of $5.23 and a two-hundred day moving average price of $4.48. The stock has a market capitalization of $144.71 million, a P/E ratio of -1.14 and a beta of 1.26. The company has a quick ratio of 1.00, a current ratio of 1.91 and a debt-to-equity ratio of 0.82.

American Vanguard (NYSE:AVD) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. American Vanguard had a negative return on equity of 26.21% and a negative net margin of 23.72%.The firm had revenue of $129.31 million for the quarter, compared to analysts’ expectations of $130.00 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new position in American Vanguard during the third quarter valued at approximately $121,000. Cim Investment Management Inc. grew its position in American Vanguard by 100.7% during the second quarter. Cim Investment Management Inc. now owns 28,933 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 14,520 shares during the last quarter. EVR Research LP bought a new position in American Vanguard during the second quarter valued at approximately $564,000. Curi Capital LLC grew its position in American Vanguard by 1,285.5% during the second quarter. Curi Capital LLC now owns 289,573 shares of the basic materials company’s stock valued at $1,135,000 after acquiring an additional 268,673 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in American Vanguard by 18.7% during the second quarter. Ameriprise Financial Inc. now owns 190,223 shares of the basic materials company’s stock valued at $746,000 after acquiring an additional 29,942 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.