Ag Growth International (OTCMKTS:AGGZF) Shares Down 4.4% – Here’s Why

Ag Growth International Inc. (OTCMKTS:AGGZF)’s share price fell 4.4% during trading on Friday . The stock traded as low as $25.37 and last traded at $25.37. 2,557 shares changed hands during trading, a decline of 63% from the average session volume of 6,905 shares. The stock had previously closed at $26.53.

Wall Street Analyst Weigh In

Separately, CIBC reaffirmed an “outperform” rating on shares of Ag Growth International in a research note on Monday, February 3rd.

Ag Growth International Price Performance

The business’s fifty day moving average price is $30.64 and its two-hundred day moving average price is $35.75.

Ag Growth International Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a $0.1057 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 1.19%. Ag Growth International’s dividend payout ratio (DPR) is 77.61%.

About Ag Growth International

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.