American Vanguard (NYSE:AVD) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

American Vanguard Corporation (NYSE:AVD) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.69 and traded as high as $4.88. American Vanguard shares last traded at $4.81, with a volume of 191,091 shares.

Wall Street Analyst Weigh In

AVD has been the topic of several recent research reports. Wall Street Zen cut American Vanguard from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Vanguard in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.00.

American Vanguard Stock Performance

The stock’s 50-day moving average is $4.21 and its 200 day moving average is $4.69. The stock has a market cap of $136.94 million, a price-to-earnings ratio of -1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.77 and a quick ratio of 0.90.

American Vanguard (NYSE:AVD) last issued its earnings results on Monday, November 10th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.10). American Vanguard had a negative return on equity of 23.15% and a negative net margin of 21.15%.The business had revenue of $119.31 million for the quarter, compared to analysts’ expectations of $163.00 million.

Hedge Funds Weigh In On American Vanguard

A number of institutional investors and hedge funds have recently made changes to their positions in AVD. Essex Investment Management Co. LLC acquired a new stake in shares of American Vanguard in the third quarter valued at about $2,136,000. Curi Capital LLC increased its holdings in American Vanguard by 1,285.5% in the second quarter. Curi Capital LLC now owns 289,573 shares of the basic materials company’s stock valued at $1,135,000 after buying an additional 268,673 shares in the last quarter. Federated Hermes Inc. increased its holdings in American Vanguard by 371.1% in the second quarter. Federated Hermes Inc. now owns 303,179 shares of the basic materials company’s stock valued at $1,188,000 after buying an additional 238,822 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of American Vanguard by 117.8% during the 1st quarter. AQR Capital Management LLC now owns 436,687 shares of the basic materials company’s stock valued at $1,921,000 after acquiring an additional 236,212 shares during the period. Finally, EVR Research LP boosted its stake in shares of American Vanguard by 136.5% during the 3rd quarter. EVR Research LP now owns 340,000 shares of the basic materials company’s stock worth $1,952,000 after acquiring an additional 196,216 shares in the last quarter. 79.00% of the stock is owned by institutional investors and hedge funds.

About American Vanguard

American Vanguard Corporation (NYSE: AVD) is a developer, manufacturer and marketer of specialty chemical products for crop protection, turf and ornamental care, and public health pest control. Headquartered in Newport Beach, California, the company offers a portfolio of insecticides, herbicides, fungicides and rodenticides designed for use across agricultural, turf and urban pest management applications. Its research and development efforts focus on novel chemistries and formulation technologies that address emerging pest resistance and regulatory requirements.

The company’s product lines include emulsifiable concentrates, wettable powders, granular formulations, baits and liquid concentrates sold under proprietary brand names.