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

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

China Green Agriculture Price Performance

Shares of CGA stock opened at $2.63 on Wednesday. China Green Agriculture has a 1 year low of $2.63 and a 1 year high of $7.87. The firm’s 50 day moving average is $3.72 and its 200-day moving average is $4.23. The company has a current ratio of 2.76, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01.

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

Hedge Funds Weigh In On China Green Agriculture

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new position in China Green Agriculture in the first quarter valued at approximately $115,000. Renaissance Technologies LLC increased its stake in 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 valued at $192,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in China Green Agriculture in the first quarter valued at approximately $175,000. 0.14% of the stock is currently owned by institutional investors and hedge funds.

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.