Ag Growth International (OTCMKTS:AGGZF) Stock Price Down 0.4% – Here’s Why

Ag Growth International Inc. (OTCMKTS:AGGZF) dropped 0.4% on Thursday . The stock traded as low as $21.86 and last traded at $21.89. Approximately 1,906 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 13,673 shares. The stock had previously closed at $21.97.

Wall Street Analysts Forecast Growth

AGGZF has been the subject of several research analyst reports. CIBC reaffirmed a “neutral” rating on shares of Ag Growth International in a research report on Monday, January 12th. Desjardins restated a “buy” rating on shares of Ag Growth International in a research note on Monday, January 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Ag Growth International in a research note on Tuesday, January 13th. Raymond James Financial lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating in a report on Friday, November 14th. Finally, National Bankshares restated an “outperform” rating on shares of Ag Growth International in a research note on Monday, December 1st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Ag Growth International Trading Down 0.4%

The company’s fifty day moving average is $18.53 and its 200-day moving average is $23.74.

Ag Growth International Company Profile

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.