China Green Agriculture (NYSE:CGA) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of China Green Agriculture (NYSE:CGAGet Rating) in a report released on Monday morning. The firm issued a sell rating on the basic materials company’s stock.

China Green Agriculture Trading Down 6.2 %

CGA opened at $4.40 on Monday. The business’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $7.97. China Green Agriculture has a 52-week low of $4.38 and a 52-week high of $12.48.

China Green Agriculture (NYSE:CGAGet Rating) last posted its quarterly earnings results on Friday, July 1st. The basic materials company reported ($3.60) earnings per share for the quarter. China Green Agriculture had a negative return on equity of 70.14% and a negative net margin of 54.24%. The company had revenue of $61.14 million for the quarter.

Institutional Investors Weigh In On China Green Agriculture

An institutional investor recently raised its position in China Green Agriculture stock. Renaissance Technologies LLC raised its holdings in China Green Agriculture, Inc. (NYSE:CGAGet Rating) by 67.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,051 shares of the basic materials company’s stock after buying an additional 7,700 shares during the period. Renaissance Technologies LLC owned about 0.22% of China Green Agriculture worth $192,000 at the end of the most recent quarter. 0.93% of the stock is currently owned by institutional investors and hedge funds.

About China Green Agriculture

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China Green Agriculture, Inc, through its subsidiaries, engages in the research, development, production, and sale of various fertilizers and agricultural products in the People's Republic of China. The company operates through four segments: Jinong, Gufeng, Yuxing, and Sales VIEs. Its fertilizer products comprise humic acid-based compound fertilizers, blended fertilizers, organic compound fertilizers, slow-release fertilizers, highly concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizers, as well as develops, produces, and distributes agricultural products, such as fruits, vegetables, flowers, and colored seedlings.

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