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

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

Analysts Set New Price Targets

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

Ag Growth International Stock Performance

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

Ag Growth International Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, September 27th. This represents a yield of 1.08%. This is an increase from Ag Growth International’s previous dividend of $0.11. Ag Growth International’s dividend payout ratio 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.