Shares of AgroFresh Solutions Inc (NASDAQ:AGFS) reached a new 52-week low on Wednesday . The company traded as low as $2.39 and last traded at $2.49, with a volume of 1584 shares traded. The stock had previously closed at $2.49.
Separately, HC Wainwright started coverage on shares of AgroFresh Solutions in a research note on Tuesday, April 16th. They set a “buy” rating and a $5.00 target price on the stock.
The company has a market cap of $122.08 million, a P/E ratio of -4.14 and a beta of 0.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.66 and a current ratio of 1.98.
AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.05). The company had revenue of $38.94 million during the quarter, compared to analysts’ expectations of $39.55 million. AgroFresh Solutions had a negative net margin of 18.51% and a negative return on equity of 8.47%. On average, analysts expect that AgroFresh Solutions Inc will post -0.56 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in AGFS. Jefferies Group LLC purchased a new position in AgroFresh Solutions in the first quarter valued at approximately $34,000. SG Americas Securities LLC purchased a new position in AgroFresh Solutions in the first quarter valued at approximately $36,000. Oxford Asset Management LLP purchased a new position in AgroFresh Solutions in the first quarter valued at approximately $81,000. Raymond James & Associates purchased a new position in AgroFresh Solutions in the fourth quarter valued at approximately $88,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new position in AgroFresh Solutions in the fourth quarter valued at approximately $91,000. Institutional investors own 81.89% of the company’s stock.
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AgroFresh Solutions Company Profile (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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