American Vanguard (NYSE:AVD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

American Vanguard Corporation (NYSE:AVD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.74 and traded as high as $5.39. American Vanguard shares last traded at $5.23, with a volume of 275,375 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of American Vanguard from a “buy” rating to a “hold” rating in a 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

American Vanguard Trading Up 2.1%

The company has a market cap of $148.90 million, a P/E ratio of -1.31 and a beta of 1.25. The company has a current ratio of 1.77, a quick ratio of 0.90 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.74.

American Vanguard (NYSE:AVD) last issued its earnings results on Monday, November 10th. The basic materials company reported ($0.18) earnings per share 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 firm had revenue of $119.31 million for the quarter, compared to analyst estimates of $163.00 million.

Hedge Funds Weigh In On American Vanguard

A number of hedge funds and other institutional investors have recently bought and sold shares of AVD. Strs Ohio acquired a new position in American Vanguard during the first quarter worth approximately $28,000. CWM LLC lifted its position in shares of American Vanguard by 46.8% in the second quarter. CWM LLC now owns 13,838 shares of the basic materials company’s stock valued at $54,000 after buying an additional 4,413 shares during the last quarter. XTX Topco Ltd bought a new position in shares of American Vanguard during the 2nd quarter worth approximately $57,000. Williams & Novak LLC increased its holdings in shares of American Vanguard by 40.6% during the 2nd quarter. Williams & Novak LLC now owns 15,605 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,505 shares during the last quarter. Finally, Riverwater Partners LLC bought a new stake in American Vanguard in the 3rd quarter valued at $114,000. Institutional investors own 79.00% of the company’s stock.

American Vanguard Company Profile

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.