According to Zacks, “AgroFresh Solutions, Inc. is engaged in providing data driven specialty chemical solutions. Its flagship product is the SmartFresh(TM) Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. AgroFresh Solutions, Inc., formerly known as Boulevard Acquisition Corp., is headquartered in Collegeville, Pennsylvania. “
Separately, National Securities restated a buy rating and set a $5.50 target price on shares of AgroFresh Solutions in a report on Monday, December 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $5.50.
Shares of AGFS stock opened at $2.63 on Monday. AgroFresh Solutions has a 1-year low of $1.33 and a 1-year high of $5.10. The business has a 50-day moving average of $2.55 and a 200 day moving average of $2.08. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.74 and a current ratio of 2.13.
AgroFresh Solutions (NASDAQ:AGFS) last issued its earnings results on Thursday, November 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.14). The company had revenue of $48.97 million for the quarter, compared to analysts’ expectations of $70.36 million. AgroFresh Solutions had a negative net margin of 20.80% and a negative return on equity of 8.99%. As a group, equities analysts anticipate that AgroFresh Solutions will post -0.45 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted 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 worth $29,000 after buying an additional 9,000 shares during the period. Tower Research Capital LLC TRC purchased a new stake in AgroFresh Solutions in the 2nd quarter worth approximately $31,000. A.R.T. Advisors LLC purchased a new stake in AgroFresh Solutions in the 2nd quarter worth approximately $34,000. Susquehanna International Group LLP purchased a new stake in AgroFresh Solutions in the 2nd quarter worth approximately $65,000. Finally, Morgan Stanley lifted its holdings in AgroFresh Solutions by 108.3% in the 2nd quarter. Morgan Stanley now owns 83,740 shares of the basic materials company’s stock worth $126,000 after buying an additional 43,548 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.
About AgroFresh Solutions
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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