AgroFresh Solutions Inc. (AGFS) Trading Down 3.3%
AgroFresh Solutions Inc. (NASDAQ:AGFS) dropped 3.3% during trading on Wednesday . The company 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 “sell” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Monday, May 16th.
The firm’s market cap is $294.33 million. The stock’s 50-day moving average is $5.95 and its 200 day moving average is $5.62.
AgroFresh Solutions (NASDAQ:AGFS) last posted 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 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 ($0.84) earnings per share 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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