AgroFresh Solutions (NASDAQ:AGFS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

Separately, Citigroup dropped their target price on shares of AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 16th.

Shares of AGFS stock traded down $0.21 on Friday, reaching $5.57. The company had a trading volume of 101,700 shares, compared to its average volume of 142,155. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.93 and a quick ratio of 1.53. AgroFresh Solutions has a one year low of $4.94 and a one year high of $8.75.

AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Thursday, August 9th. The basic materials company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.18). The company had revenue of $18.84 million during the quarter. AgroFresh Solutions had a negative return on equity of 6.57% and a negative net margin of 1.17%.

In related news, major shareholder Dowdupont Inc. bought 18,788 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was purchased at an average price of $7.00 per share, with a total value of $131,516.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 1,787,161 shares of company stock valued at $11,374,261 in the last three months. Company insiders own 15.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of AGFS. Private Advisor Group LLC acquired a new position in shares of AgroFresh Solutions in the second quarter valued at approximately $125,000. Element Capital Management LLC acquired a new position in shares of AgroFresh Solutions in the first quarter valued at approximately $132,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of AgroFresh Solutions in the first quarter valued at approximately $143,000. Rhumbline Advisers increased its stake in shares of AgroFresh Solutions by 49.0% in the second quarter. Rhumbline Advisers now owns 30,499 shares of the basic materials company’s stock valued at $214,000 after buying an additional 10,034 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of AgroFresh Solutions by 55.5% in the second quarter. Renaissance Technologies LLC now owns 39,650 shares of the basic materials company’s stock valued at $278,000 after buying an additional 14,150 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

AgroFresh Solutions Company Profile

AgroFresh Solutions, Inc provides data-driven specialty solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, avocados, and bananas, as well as flowers.

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