China Green Agriculture (NYSE:CGA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of China Green Agriculture (NYSE:CGAFree Report) in a research note published on Monday morning. The brokerage issued a sell rating on the basic materials company’s stock.

China Green Agriculture Stock Performance

NYSE CGA opened at $2.87 on Monday. The business has a 50-day moving average price of $2.38 and a 200-day moving average price of $2.28. China Green Agriculture has a twelve month low of $1.61 and a twelve month high of $4.37. The firm has a market cap of $38.40 million, a price-to-earnings ratio of -2.37 and a beta of 0.48. The company has a quick ratio of 1.77, a current ratio of 2.49 and a debt-to-equity ratio of 0.01.

China Green Agriculture (NYSE:CGAGet Free Report) last announced its quarterly earnings results on Monday, November 20th. The basic materials company reported ($0.13) EPS for the quarter. China Green Agriculture had a negative net margin of 14.54% and a negative return on equity of 12.47%. The firm had revenue of $22.40 million for the quarter.

Institutional Investors Weigh In On China Green Agriculture

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGA. Susquehanna International Group LLP purchased a new stake in China Green Agriculture during the first quarter valued at approximately $175,000. Dimensional Fund Advisors LP purchased a new stake in China Green Agriculture during the first quarter valued at approximately $115,000. Finally, Renaissance Technologies LLC raised its holdings in shares of China Green Agriculture by 67.8% in the first quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock worth $192,000 after buying an additional 7,700 shares during the period. 0.74% of the stock is currently owned by hedge funds and other institutional investors.

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, agricultural products, and bitcoin in the People's Republic of China and the United States. The company operates through four segments: Jinong (Fertilizer Production); Gufeng (Fertilizer Production); Yuxing (Agricultural Products Production); and Antaeus (Bitcoin).

Further Reading

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