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

StockNews.com assumed coverage on shares of China Green Agriculture (NYSE:CGA) in a research report report published on Tuesday morning. The brokerage issued a sell rating on the basic materials company’s stock.

China Green Agriculture Stock Performance

Shares of NYSE CGA opened at $2.85 on Tuesday. China Green Agriculture has a 52 week low of $1.61 and a 52 week high of $4.09. The stock has a market capitalization of $39.39 million, a P/E ratio of -2.36 and a beta of 0.50. The stock’s fifty day moving average is $2.88 and its 200 day moving average is $2.45.

China Green Agriculture (NYSE:CGA) last released its earnings results on Friday, February 9th. The basic materials company reported ($0.40) earnings per share (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 business had revenue of $17.80 million during the quarter.

Institutional Trading of China Green Agriculture

A number of hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in shares of China Green Agriculture during the first quarter valued at about $175,000. Renaissance Technologies LLC boosted its stake in shares of China Green Agriculture by 67.8% during the first quarter. Renaissance Technologies LLC now owns 19,051 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of China Green Agriculture during the first quarter valued at about $115,000. 0.12% of the stock is owned by institutional investors and hedge funds.

China Green Agriculture Company Profile

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).