Ag Growth International (OTCMKTS:AGGZF) Stock Price Up 9% – Should You Buy?

Ag Growth International Inc. (OTCMKTS:AGGZF) traded up 9% during trading on Monday . The company traded as high as $37.62 and last traded at $37.62. 1,513 shares were traded during mid-day trading, a decline of 1% from the average session volume of 1,528 shares. The stock had previously closed at $34.52.

Wall Street Analyst Weigh In

Separately, Raymond James set a $62.00 price target on Ag Growth International and gave the company a “market perform” rating in a research report on Friday, October 18th.

Ag Growth International Price Performance

The business has a 50-day simple moving average of $38.22 and a 200 day simple moving average of $38.16.

Ag Growth International Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.1104 dividend. This represents a dividend yield of 1.08%. The ex-dividend date was Friday, September 27th. This is a positive change from Ag Growth International’s previous dividend of $0.11. Ag Growth International’s payout ratio is 77.61%.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.