Ag Growth International (AFN) Stock Price Up 3.6%

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Ag Growth International Inc (TSE:AFN) rose 3.6% during mid-day trading on Thursday . The company traded as high as C$61.50 and last traded at C$60.80. Approximately 170,106 shares were traded during mid-day trading, an increase of 179% from the average daily volume of 61,066 shares. The stock had previously closed at C$58.71.

Separately, Desjardins restated a “buy” rating on shares of Ag Growth International in a report on Wednesday, February 6th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$70.29.

The company has a current ratio of 2.01, a quick ratio of 0.88 and a debt-to-equity ratio of 203.59. The firm has a market cap of $1.08 billion and a price-to-earnings ratio of 28.00.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 15th will be issued a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, February 27th. Ag Growth International’s dividend payout ratio (DPR) is currently 110.80%.

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About Ag Growth International (TSE:AFN)

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

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