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.
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.
ILLEGAL ACTIVITY WARNING: This story was published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://dakotafinancialnews.com/2019/05/15/agrofresh-solutions-agfs-sets-new-12-month-low-at-2-39.html.
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.
Recommended Story: The primary rules of Elliott Wave theory
Receive News & Ratings for AgroFresh Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AgroFresh Solutions and related companies with MarketBeat.com's FREE daily email newsletter.