The producer of soybeans, sugar and rice Adecoagro SA (NYSE:AGRO), the agricultural corporation that counts George Soros as its major investor, is offering possible buyers the possibility to get a hold of farms in Brazil and Argentina at a 36% price cut to its net assets.
Adecoagro, which is listed on the New York Stock Exchange, shares moved down 21% in the previous year, over three times the average drop of similar-sized farming companies worldwide, as investors rejected Argentine assets after the government seized YPF SA (ADR) (NYSE:YPF).
Adecoagro is anticipated to report record revenue and profit coming year as the United Nations mentions global food production must move up 70% by 2050 to feed a rising world population.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Alico, Inc. (NASDAQ:ALCO) increased +0.76% to settle at $23.87, Cosan Limited (ADR) (NYSE:CZZ) moved up +1.39% to end at $11.68 while Origin Agritech Ltd. (NASDAQ:SEED) jumped +0.64% to finish on Wednesday at $1.55.
Adecoagro SA (NYSE:AGRO) last session volume of 118,883.00 shares was slightly lower than its average volume of 199,820.00 shares. The stock after opening at $9.48 hit high price of $9.56 and then closed at $9.53 by scoring -0.10%.
The liquidity measure in recent quarter results of the company was recorded 1.71 as current ratio and on the other side the debt to equity ratio was 0.37 and long-term debt to equity ratio also remained 0.20. The Company had total cash at hand $282.91 million and a book value per share as $9.13 in the most recent quarter.
The stock price volatility was 1.64% for a week and 2.71% for a month as well as price volatility’s Average True Range for 14 days was 0.23.
AGRO generated revenue of 664.63 million in the following twelve months and earned $42.18 million. The Company showed a positive 6.44% in the net profit margin and as well as in its operating margin which remained 14.65%. Company’s quarterly sales growth was 16.10%.
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