Ag Growth International (TSE:AFN) Hits New 52-Week Low – Should You Sell?

Shares of Ag Growth International Inc. (TSE:AFN) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$43.54 and last traded at C$43.56, with a volume of 40385 shares changing hands. The stock had previously closed at C$47.23.

Analysts Set New Price Targets

A number of research firms have commented on AFN. Royal Bank of Canada lowered their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. CIBC lifted their price objective on Ag Growth International from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$74.63.

Ag Growth International Trading Down 14.5 %

The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The stock has a market capitalization of C$769.86 million, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a fifty day simple moving average of C$51.91 and a two-hundred day simple moving average of C$52.85.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. Ag Growth International’s dividend payout ratio is presently 39.47%.

Ag Growth International Company Profile

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.