AgroFresh Solutions Inc. (AGFS) Shares Up 5.1%
AgroFresh Solutions Inc. (NASDAQ:AGFS)’s share price shot up 5.1% during trading on Friday . The stock 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 upgraded shares of AgroFresh Solutions from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd.
The stock has a 50 day moving average of $5.15 and a 200-day moving average of $5.54. The stock’s market capitalization is $294.91 million.
AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Tuesday, May 10th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the 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. Equities research analysts expect that AgroFresh Solutions Inc. will post $0.17 earnings per share for the current fiscal 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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