AgroFresh Solutions Inc. (AGFS) Trading 2.8% Higher
AgroFresh Solutions Inc. (NASDAQ:AGFS) traded up 2.8% during trading on Monday . The stock traded as high as $5.94 and last traded at $5.90, with a volume of 104,206 shares traded. The stock had previously closed at $5.74.
Separately, Zacks Investment Research upgraded AgroFresh Solutions from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a report on Friday, August 12th.
The company has a 50 day moving average of $5.94 and a 200-day moving average of $5.61. The firm’s market capitalization is $313.82 million.
AgroFresh Solutions (NASDAQ:AGFS) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by $0.29. The company earned $18.40 million during the quarter, compared to the consensus estimate of $17.70 million. Analysts predict that AgroFresh Solutions Inc. will post ($0.84) earnings per share 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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