AgroFresh Solutions Inc. (AGFS) Shares Down 4%
AgroFresh Solutions Inc. (NASDAQ:AGFS)’s share price was down 4% on Monday . The stock traded as low as $6.12 and last traded at $6.19, with a volume of 274,009 shares trading hands. The stock had previously closed at $6.45.
Separately, Zacks Investment Research upgraded shares of AgroFresh Solutions from a “sell” rating to a “buy” rating and set a $5.75 target price on the stock in a report on Monday, May 16th.
The stock’s market cap is $309.38 million. The firm’s 50-day moving average is $5.51 and its 200-day moving average is $5.52.
AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.51) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.46. The firm earned $28.40 million during the quarter, compared to analysts’ expectations of $30.80 million. Equities research analysts predict 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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