AgroFresh Solutions Inc. (AGFS) Trading Down 5%
AgroFresh Solutions Inc. (NASDAQ:AGFS) shares were down 5% during mid-day trading on Friday . The stock traded as low as $5.70 and last traded at $5.73, with a volume of 217,360 shares traded. The stock had previously closed at $6.03.
Separately, Zacks Investment Research downgraded shares of AgroFresh Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th.
The company’s market cap is $289.83 million. The stock has a 50-day moving average of $5.76 and a 200 day moving average of $5.54.
AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.29. The business earned $18.40 million during the quarter, compared to analyst estimates of $17.70 million. Analysts forecast that AgroFresh Solutions Inc. will post $0.17 earnings per share for the current 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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