AgroFresh Solutions Inc. (AGFS) Trading Down 3.3%
AgroFresh Solutions Inc. (NASDAQ:AGFS) fell 3.3% during mid-day trading on Wednesday . The stock traded as low as $6.08 and last traded at $6.09, with a volume of 150,626 shares traded. The stock had previously closed at $6.30.
Separately, Zacks Investment Research raised shares of AgroFresh Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday.
The stock has a 50 day moving average of $5.94 and a 200 day moving average of $5.61. The company’s market capitalization is $303.32 million.
AgroFresh Solutions (NASDAQ:AGFS) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.29. The business had revenue of $18.40 million for the quarter, compared to analyst estimates of $17.70 million. On average, analysts expect that AgroFresh Solutions Inc. will post ($0.84) 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.