AgroFresh Solutions Inc. (AGFS) Stock Price Up 5.2%
AgroFresh Solutions Inc. (NASDAQ:AGFS) rose 5.2% during trading on Tuesday . The company traded as high as $5.90 and last traded at $5.90, with a volume of 55,831 shares. The stock had previously closed at $5.61.
Separately, Zacks Investment Research upgraded AgroFresh Solutions from a “sell” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Monday, May 16th.
The stock’s market capitalization is $294.41 million. The stock’s 50 day moving average is $5.40 and its 200 day moving average is $5.50.
AgroFresh Solutions (NASDAQ:AGFS) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.46. The firm earned $28.40 million during the quarter, compared to analyst estimates of $30.80 million. Equities research analysts anticipate that AgroFresh Solutions Inc. will post $0.17 earnings per share for the current 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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