AgroFresh Solutions Inc. (AGFS) Sees Unusually-High Trading Volume
Shares of AgroFresh Solutions Inc. (NASDAQ:AGFS) saw unusually-strong trading volume on Thursday . Approximately 233,815 shares changed hands during mid-day trading, an increase of 102% from the previous session’s volume of 115,601 shares.The stock last traded at $6.49 and had previously closed at $6.51.
Separately, Zacks Investment Research upgraded shares of AgroFresh Solutions from a “sell” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Monday, May 16th.
The company’s market cap is $319.86 million. The firm’s 50 day moving average is $5.46 and its 200-day moving average is $5.52.
AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Tuesday, May 10th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.46. The firm earned $28.40 million during the quarter, compared to analysts’ expectations of $30.80 million. On average, equities analysts expect that AgroFresh Solutions Inc. will post $0.17 EPS 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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