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

Ag Growth International Inc. (OTCMKTS:AGGZF) shares shot 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.

Analyst Upgrades and Downgrades

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

Ag Growth International Stock Down 0.5 %

The stock has a 50 day moving average price of $38.16 and a 200 day moving average price of $38.12.

Ag Growth International Increases Dividend

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