Ag Growth International (TSE:AFN) Director Acquires C$13,750.00 in Stock

Ag Growth International Inc. (TSE:AFN) Director Bradley John Wall purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of C$13.75 per share, with a total value of C$13,750.00. Following the completion of the acquisition, the director directly owned 2,500 shares of the company’s stock, valued at C$34,375. The trade was a 66.67% increase in their ownership of the stock.

Ag Growth International Stock Up 0.7%

Shares of TSE AFN opened at C$15.18 on Friday. The firm’s 50-day simple moving average is C$19.48 and its 200 day simple moving average is C$22.65. The company has a market cap of C$286.31 million, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. Ag Growth International Inc. has a 12-month low of C$13.25 and a 12-month high of C$43.40.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. The company had revenue of C$323.18 million during the quarter. On average, research analysts expect that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AFN has been the subject of a number of research reports. TD raised their price target on shares of Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets decreased their price objective on Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce lifted their target price on Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Desjardins dropped their target price on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Royal Bank Of Canada cut their price target on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ag Growth International currently has a consensus rating of “Hold” and a consensus price target of C$23.56.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.