AgroFresh Solutions Inc. (AGFS) Shares Down 3%
AgroFresh Solutions Inc. (NASDAQ:AGFS) shares fell 3% during trading on Thursday . The company traded as low as $5.70 and last traded at $5.74, with a volume of 58,856 shares trading hands. The stock had previously closed at $5.92.
Separately, Zacks Investment Research raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Thursday, April 14th.
The stock has a 50 day moving average price of $5.28 and a 200 day moving average price of $5.53. The company’s market cap is $278.94 million.
AgroFresh Solutions (NASDAQ:AGFS) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.46. The company earned $28.40 million during the quarter, compared to the consensus estimate of $30.80 million. Equities analysts expect that AgroFresh Solutions Inc. will post $0.17 earnings per share for the current fiscal year.
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is engaged in providing specialty chemical solutions. The Company’s flagship product is the SmartFresh Quality System. The Company’s SmartFreshSM Quality System is a freshness protection technology that is used to maintain firmness, texture and appearance of fruits during storage and transport.
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