AgroFresh Solutions Inc. (AGFS) Shares Up 5.1%
AgroFresh Solutions Inc. (NASDAQ:AGFS) shares shot up 5.1% during trading on Friday . The company traded as high as $5.98 and last traded at $5.75, with a volume of 138,220 shares trading hands. The stock had previously closed at $5.47.
Separately, Zacks Investment Research raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, April 14th.
The stock’s market cap is $294.91 million. The stock’s 50-day moving average is $5.15 and its 200-day moving average is $5.54.
AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Tuesday, May 10th. The company reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.46. The company had revenue of $28.40 million for the quarter, compared to analysts’ expectations of $30.80 million. On average, analysts predict that AgroFresh Solutions Inc. will post $0.17 earnings per share for the current 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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