China Green Agriculture (NYSE:CGA) Shares Pass Above 200-Day Moving Average of $2.54

China Green Agriculture, Inc. (NYSE:CGA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.54 and traded as high as $3.00. China Green Agriculture shares last traded at $2.90, with a volume of 5,151 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on China Green Agriculture in a report on Friday. They issued a “sell” rating for the company.

China Green Agriculture Stock Performance

The company has a market capitalization of $40.08 million, a price-to-earnings ratio of -2.40 and a beta of 0.47. The business’s 50 day moving average is $2.92 and its 200 day moving average is $2.54.

China Green Agriculture (NYSE:CGA) last posted its quarterly earnings results on Friday, February 9th. The basic materials company reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $17.80 million during the quarter. China Green Agriculture had a negative return on equity of 12.68% and a negative net margin of 14.54%.

China Green Agriculture Company Profile

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).