StockNews.com Initiates Coverage on China Green Agriculture (NYSE:CGA)

Equities researchers at StockNews.com started coverage on shares of China Green Agriculture (NYSE:CGA) in a report released on Tuesday. The firm set a “sell” rating on the basic materials company’s stock.

China Green Agriculture Trading Down 2.1 %

CGA opened at $2.79 on Tuesday. The company’s 50 day moving average is $2.89 and its 200-day moving average is $2.45. China Green Agriculture has a 1-year low of $1.61 and a 1-year high of $4.08. The company has a market cap of $38.56 million, a P/E ratio of -2.31 and a beta of 0.50.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CGA. Susquehanna International Group LLP acquired a new position in shares of China Green Agriculture during the 1st quarter valued at $175,000. Dimensional Fund Advisors LP bought a new stake in China Green Agriculture during the 1st quarter valued at $115,000. Finally, Renaissance Technologies LLC increased its stake in China Green Agriculture by 67.8% during the 1st quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 0.12% of the company’s stock.

China Green Agriculture Company Profile

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).