American Vanguard (AVD) is Downgraded by Piper Jaffray to Underweight

American Vanguard (AVD) is Downgraded by Piper Jaffray to Underweight , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

American Vanguard Corp. is up 18.43% in the last 3-month period. Year-to-Date the stock performance stands at 20.79%.

American Vanguard Corporation (NYSE:AVD) has lost 1.89% during the past week and dropped 7.59% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.07%. American Vanguard Corporation (NYSE:AVD) has underperformed the index by 5.43% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of American Vanguard Corporation (NYSE:AVD) ended Thursday session in red amid volatile trading. The shares closed down 0.14 points or 0.99% at $14.01 with 105,939 shares getting traded. Post opening the session at $14.14, the shares hit an intraday low of $13.84 and an intraday high of $14.16 and the price vacillated in this range throughout the day. The company has a market cap of $409 million and the number of outstanding shares have been calculated to be 29,160,234 shares. The 52-week high of American Vanguard Corporation (NYSE:AVD) is $16.06 and the 52-week low is $9.73.

Currently the company Insiders own 4.41% of American Vanguard Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 4.71% . Institutional Investors own 84.43% of American Vanguard Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 18.67%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Trogele Ulrich, COO of American Vanguard Corp had purchased 2,000 shares on December 15, 2015 in a transaction. The price per share was $13.3 and the total amount of the disclosed transaction was $26,600.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

American Vanguard Corporation operates as a holding company. The Company is primarily a chemical manufacturer that develops and markets products for agricultural and commercial uses. The Company manufactures and formulates chemicals for crops, human and animal protection. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc. (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico S.A. de C.V. (AMVAC M), AMVAC de Costa Rica Sociedad Anonima (AMVAC CR), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC Chemical UK Ltd. (AMVAC UK), AMVAC CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV), and Envance Technologies, LLC (Envance). AMVAC is a chemical manufacturer that develops and markets products for agricultural and commercial uses. It manufactures and formulates chemicals for crops, human and animal health protection.