Ag Growth International (TSE:AFN) Insider Purchases C$546,880.00 in Stock

Ag Growth International Inc. (TSE:AFN) insider Paul Brisebois bought 32,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average price of C$17.09 per share, with a total value of C$546,880.00. Following the completion of the purchase, the insider owned 48,086 shares in the company, valued at approximately C$821,789.74. The trade was a 198.93% increase in their ownership of the stock.

Ag Growth International Stock Performance

TSE AFN traded up C$0.50 during midday trading on Monday, hitting C$18.49. The company had a trading volume of 188,443 shares, compared to its average volume of 149,330. The firm has a fifty day simple moving average of C$27.52 and a two-hundred day simple moving average of C$28.77. Ag Growth International Inc. has a fifty-two week low of C$13.60 and a fifty-two week high of C$44.84. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 408.06. The stock has a market cap of C$348.72 million, a price-to-earnings ratio of -13.11, a P/E/G ratio of 1.30 and a beta of 0.52.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Wednesday, March 25th. The company reported C($2.62) EPS for the quarter. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. The company had revenue of C$395.77 million for the quarter. Equities analysts forecast that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AFN. Raymond James Financial reduced their price objective on Ag Growth International from C$30.00 to C$25.00 in a research report on Thursday. TD Securities cut their target price on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday. Cormark set a C$35.00 target price on Ag Growth International and gave the stock a “hold” rating in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce decreased their price target on shares of Ag Growth International from C$32.00 to C$18.00 in a research note on Thursday. Finally, Royal Bank Of Canada increased their price objective on shares of Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$28.75.

Ag Growth International Company Profile

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.