American Vanguard Corp. (AVD) was Upgraded by Piper Jaffray to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Nov 28, 2016.
On the company’s financial health, American Vanguard Corp. reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.12. The company had revenue of $82.45 million for the quarter, compared to analysts expectations of $79.39 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
American Vanguard Corp. opened for trading at $17.45 and hit $17.7 on the upside on Friday, eventually ending the session at $17.65, with a gain of 1.73% or 0.3 points. The heightened volatility saw the trading volume jump to 27,279 shares. Company has a market cap of $518 M.
In a different news, on Sep 12, 2016, Ulrich Trogele (officer ) purchased 5,000 shares at $15.91 per share price. According to the SEC, on Sep 1, 2016, John Rizzi (officer ) sold 5,000 shares at $17.34 per share price. On Aug 17, 2016, Scott Hendrix (VP/US Crop AMVAC Chemical Corp) sold 4,000 shares at $17.25 per share price, according to the Form-4 filing with the securities and exchange commission.
American Vanguard Corporation (AVD) operates as a holding company. The Company is primarily a specialty chemical manufacturer that develops and markets products for agricultural commercial and consumer uses. It manufactures and formulates chemicals for crops human and animal protection. It conducts its business through its subsidiaries which include AMVAC Chemical Corporation (AMVAC) GemChem Inc. 2110 Davie Corporation Quimica Amvac de Mexico S.A. de C.V. AMVAC Mexico Sociedad de Responsabilidad Limitada AMVAC de Costa Rica Sociedad de Responsabilidad Limitada AMVAC Switzerland GmbH AMVAC do Brasil Representacoes Ltda AMVAC CV AMVAC Netherlands BV and Envance Technologies LLC. AMVAC is its main operating subsidiary which owns and/or operates its domestic manufacturing facilities. AMVAC manufactures formulates packages and sells its products in the United States. AMVAC markets insecticides fungicides herbicides molluscicides growth regulators and soil fumigants.