AgroFresh Solutions Inc. (AGFS) Shares Up 2.8%
AgroFresh Solutions Inc. (NASDAQ:AGFS) shot up 2.8% during trading on Monday . The stock traded as high as $5.94 and last traded at $5.90, with a volume of 104,206 shares changing hands. The stock had previously closed at $5.74.
Separately, Zacks Investment Research raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Monday, May 2nd.
The firm’s market cap is $295.33 million. The firm’s 50 day moving average price is $5.93 and its 200-day moving average price is $5.57.
AgroFresh Solutions (NASDAQ:AGFS) last issued its earnings results on Tuesday, August 9th. The company reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.29. The business earned $18.40 million during the quarter, compared to analyst estimates of $17.70 million. On average, equities analysts expect that AgroFresh Solutions Inc. will post ($0.84) earnings per share for the current 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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