StockNews.com Initiates Coverage on China Green Agriculture (NYSE:CGA)

Equities researchers at StockNews.com assumed coverage on shares of China Green Agriculture (NYSE:CGA) in a research note issued on Wednesday. The brokerage set a “sell” rating on the basic materials company’s stock.

China Green Agriculture Stock Performance

The company has a market capitalization of $29.28 million, a P/E ratio of -0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.04 and a quick ratio of 1.48. The business has a 50 day moving average price of $1.97 and a 200-day moving average price of $2.12. China Green Agriculture has a fifty-two week low of $1.60 and a fifty-two week high of $4.00.

China Green Agriculture (NYSE:CGA) last issued its quarterly earnings results on Tuesday, October 15th. The basic materials company reported ($0.72) earnings per share for the quarter. China Green Agriculture had a negative return on equity of 26.06% and a negative net margin of 31.34%. The business had revenue of $22.71 million during the quarter.

About China Green Agriculture

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).