NEW YORK (TheStreet) -- Shares of China Green Agriculture (CGA) were gaining 16.2% to $2.23 Monday after the agricultural chemical company reported earnings and revenue at the high end of its guidance for the fiscal second quarter.
China Green Agriculture reported earnings of 16 cents a share for the fiscal second quarter, compared to its guidance of 7 cents to 17 cents a share. Revenue grew 33% year over year to $54 million for the quarter, above the company's guidance of $49 million to $53 million.
There were no analyst estimates available for the company.
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Looking to the fiscal third quarter, China Green Agriculture expects earnings of 23 cents to 28 cents, and revenue of $75 million to $80 million.
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 revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."
You can view the full analysis from the report here: CGA Ratings Report