Ag Growth International (OTCMKTS:AGGZF) Trading Down 1.3% – Here’s What Happened

Ag Growth International Inc. (OTCMKTS:AGGZF) dropped 1.3% on Monday . The stock traded as low as $16.95 and last traded at $16.95. Approximately 11,700 shares traded hands during trading, an increase of 80% from the average daily volume of 6,515 shares. The stock had previously closed at $17.18.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AGGZF. CIBC cut Ag Growth International from an “outperform” rating to a “neutral” rating in a research note on Monday, November 17th. Raymond James Financial cut shares of Ag Growth International from an “outperform” rating to a “market perform” rating in a report on Friday, November 14th. Finally, National Bankshares reiterated an “outperform” rating on shares of Ag Growth International in a research note on Monday, December 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Ag Growth International Trading Down 1.3%

The stock has a fifty day moving average of $18.10 and a 200-day moving average of $25.28.

About Ag Growth International

AG Growth International Inc is a Canada‐based designer, manufacturer and distributor of products used in grain handling, storage, conditioning and food processing. The company’s portfolio includes equipment for grain systems operations, such as vertical and horizontal storage bins, mechanical conveyors, grain dryers, aeration systems and climate controls. In addition to its core ag handling business, AG Growth offers liquid handling solutions, including portable tanker trailers, poly tanks, pumps and related accessories, addressing the needs of agricultural, commercial and industrial customers.

Founded in the mid-1990s and headquartered in Winnipeg, Manitoba, AG Growth International has grown through a combination of internal product development and strategic acquisitions of established equipment manufacturers.