AgroFresh Solutions (AGFS) Sets New 12-Month Low at $2.39

Shares of AgroFresh Solutions Inc (NASDAQ:AGFS) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.39 and last traded at $2.49, with a volume of 1584 shares trading hands. The stock had previously closed at $2.49.

Separately, HC Wainwright began coverage on AgroFresh Solutions in a research report on Tuesday, April 16th. They issued a “buy” rating and a $5.00 price objective for the company.

The stock has a market cap of $120.92 million, a PE ratio of -4.20 and a beta of 0.75. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.98 and a quick ratio of 1.66.



AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.05). AgroFresh Solutions had a negative net margin of 18.51% and a negative return on equity of 8.47%. The business had revenue of $38.94 million during the quarter, compared to analyst estimates of $39.55 million. On average, equities research analysts predict that AgroFresh Solutions Inc will post -0.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGFS. Jefferies Group LLC acquired a new stake in AgroFresh Solutions during the 1st quarter worth approximately $34,000. SG Americas Securities LLC acquired a new position in AgroFresh Solutions in the 1st quarter valued at $36,000. Raymond James & Associates acquired a new position in AgroFresh Solutions in the 4th quarter valued at $88,000. Schneider Downs Wealth Management Advisors LP acquired a new position in AgroFresh Solutions in the 4th quarter valued at $91,000. Finally, Oxford Asset Management LLP acquired a new position in AgroFresh Solutions in the 1st quarter valued at $81,000. 81.89% of the stock is owned by institutional investors.

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About AgroFresh Solutions (NASDAQ:AGFS)

AgroFresh Solutions, Inc provides data-driven solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, plums, persimmons avocados, and bananas, as well as flowers.

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