AgroFresh Solutions Inc. (AGFS) Shares Down 4%
AgroFresh Solutions Inc. (NASDAQ:AGFS) shares traded down 4% during mid-day trading on Monday . The company traded as low as $6.12 and last traded at $6.19, with a volume of 274,009 shares changing hands. The stock had previously closed at $6.45.
Separately, Zacks Investment Research upgraded AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Thursday, April 14th.
The stock’s market cap is $304.14 million. The firm has a 50-day moving average price of $5.53 and a 200-day moving average price of $5.52.
AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.46. The business had revenue of $28.40 million for the quarter, compared to analyst estimates of $30.80 million. 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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