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

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

China Green Agriculture Stock Performance

Shares of NYSE:CGA opened at $3.07 on Friday. China Green Agriculture has a one year low of $1.61 and a one year high of $4.30. The stock has a fifty day moving average of $2.66 and a 200-day moving average of $2.33. The company has a market capitalization of $42.43 million, a PE ratio of -2.54 and a beta of 0.49.

China Green Agriculture (NYSE:CGAGet Free Report) last announced its quarterly earnings data on Friday, February 9th. The basic materials company reported ($0.40) EPS for the quarter. China Green Agriculture had a negative net margin of 14.54% and a negative return on equity of 12.68%. The company had revenue of $17.80 million for the quarter.

Institutional Trading of China Green Agriculture

Several large investors have recently added to or reduced their stakes in CGA. Dimensional Fund Advisors LP acquired a new stake in China Green Agriculture during the 1st quarter valued at $115,000. Susquehanna International Group LLP acquired a new position in shares of China Green Agriculture in the first quarter worth $175,000. Finally, Renaissance Technologies LLC increased its stake 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 acquiring an additional 7,700 shares during the last quarter. 0.74% of the stock is owned by institutional investors and hedge funds.

China Green Agriculture Company Profile

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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).

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