AgroFresh Solutions Inc. (AGFS) Trading Down 5%
AgroFresh Solutions Inc. (NASDAQ:AGFS)’s share price was down 5% during mid-day trading on Friday . The company traded as low as $5.70 and last traded at $5.73, with a volume of 217,360 shares. The stock had previously closed at $6.03.
Separately, Zacks Investment Research raised shares of AgroFresh Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th.
The company’s market cap is $289.42 million. The stock has a 50-day moving average price of $5.73 and a 200 day moving average price of $5.54.
AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.29. The firm earned $18.40 million during the quarter, compared to the consensus estimate of $17.70 million. On average, equities research analysts expect that AgroFresh Solutions Inc. will post $0.17 EPS for the current fiscal year.
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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