AgroFresh Solutions Inc. (AGFS) Shares Down 3.5%
AgroFresh Solutions Inc. (NASDAQ:AGFS) shares dropped 3.5% on Monday . The stock traded as low as $5.74 and last traded at $5.77, with a volume of 56,727 shares traded. The stock had previously closed at $5.98.
Separately, Zacks Investment Research cut AgroFresh Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th.
The firm has a 50-day moving average of $5.90 and a 200-day moving average of $5.56. The firm’s market cap is $287.33 million.
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 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. Equities analysts expect that AgroFresh Solutions Inc. will post ($0.84) EPS 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.