AgroFresh Solutions (NASDAQ:AGFS) Trading Up 10.9%

AgroFresh Solutions Inc (NASDAQ:AGFS) shares were up 10.9% on Monday . The company traded as high as $1.93 and last traded at $1.83, approximately 276,532 shares changed hands during mid-day trading. An increase of 60% from the average daily volume of 172,994 shares. The stock had previously closed at $1.65.

A number of equities analysts recently commented on the stock. Roth Capital assumed coverage on shares of AgroFresh Solutions in a research note on Tuesday, May 21st. They set a “buy” rating and a $6.00 target price for the company. National Securities reissued a “buy” rating and issued a $2.50 target price on shares of AgroFresh Solutions in a report on Friday, August 9th. Finally, ValuEngine upgraded AgroFresh Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $5.08.

The business’s 50-day moving average is $1.56 and its two-hundred day moving average is $2.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.58 and a current ratio of 1.98. The stock has a market capitalization of $105.45 million, a PE ratio of -3.57 and a beta of 0.54.

AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.05. AgroFresh Solutions had a negative net margin of 18.44% and a negative return on equity of 8.77%. The company had revenue of $21.18 million for the quarter, compared to analysts’ expectations of $18.90 million. Equities analysts forecast that AgroFresh Solutions Inc will post -0.49 EPS for the current year.

Several large investors have recently modified their holdings of AGFS. SG Americas Securities LLC raised its holdings in AgroFresh Solutions by 68.4% during the second quarter. SG Americas Securities LLC now owns 18,039 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 7,330 shares in the last quarter. LPL Financial LLC boosted its holdings in AgroFresh Solutions by 90.0% in the 2nd quarter. LPL Financial LLC now owns 19,000 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 9,000 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in AgroFresh Solutions in the 2nd quarter valued at approximately $31,000. A.R.T. Advisors LLC acquired a new position in AgroFresh Solutions during the 2nd quarter worth approximately $34,000. Finally, Susquehanna International Group LLP acquired a new position in AgroFresh Solutions during the 2nd quarter worth approximately $65,000. 78.59% of the stock is currently owned by institutional investors and hedge funds.

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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