China Green Agriculture (NYSE:CGA) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of China Green Agriculture (NYSE:CGA – Get Rating) in a report issued on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

China Green Agriculture Trading Down 1.6 %

CGA opened at $3.10 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 2.76. China Green Agriculture has a fifty-two week low of $3.06 and a fifty-two week high of $7.90. The company’s 50-day moving average is $3.78 and its 200 day moving average is $4.27.

China Green Agriculture (NYSE:CGA – Get Rating) last posted its earnings results on Tuesday, February 21st. The basic materials company reported ($0.27) earnings per share for the quarter. China Green Agriculture had a negative return on equity of 12.31% and a negative net margin of 12.95%. The business had revenue of $24.54 million during the quarter.

Institutional Investors Weigh In On China Green Agriculture

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in China Green Agriculture by 67.8% in the 1st quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 7,700 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of China Green Agriculture during the 1st quarter valued at $175,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of China Green Agriculture during the 1st quarter valued at $115,000. Hedge funds and other institutional investors own 0.14% of the company’s stock.

About China Green Agriculture

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China Green Agriculture, Inc engages in the research, development, production, and sale of various types of fertilizers and agricultural products. It operates through the following segments: Jinong, Gufeng, and Yuxing. The Jinong segment includes fertilizer products, with focus on humic acid-based compound fertilizer.