NEW YORK (TheStreet) -- Shares of China Green Agriculture Inc. (CGA) are down -8.45% to $2.60 on Monday after the company reported a decline in net income to $7.2 million, or 23 cents per share, for the 2014 third quarter, compared to $13.4 million, or 48 cents per share, from the year ago quarter.
The company, which researches, develops and sells various types of fertilizer and agricultural products, said net sales for the most recent quarter increased 6.7% to $70.3 million versus $65.9 million from the 2013 third quarter.
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TheStreet Ratings team rates CHINA GREEN AGRICULTURE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHINA GREEN AGRICULTURE INC (CGA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself."