AgroFresh Solutions Inc. (AGFS) Sees Large Volume Increase
AgroFresh Solutions Inc. (NASDAQ:AGFS) shares saw unusually-strong trading volume on Monday . Approximately 381,357 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 181,356 shares.The stock last traded at $5.99 and had previously closed at $5.80.
Separately, Zacks Investment Research raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th.
The firm has a 50-day moving average price of $5.79 and a 200 day moving average price of $5.54. The firm’s market cap is $299.33 million.
AgroFresh Solutions (NASDAQ:AGFS) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.29. The company earned $18.40 million during the quarter, compared to analysts’ expectations of $17.70 million. On average, equities research analysts expect that AgroFresh Solutions Inc. will post $0.17 EPS 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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