AgroFresh Solutions (NASDAQ:AGFS) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of AgroFresh Solutions (NASDAQ:AGFS – Get Rating) in a report issued on Saturday morning. The brokerage issued a hold rating on the basic materials company’s stock.

AgroFresh Solutions Stock Performance

Shares of AGFS remained flat at $2.99 during mid-day trading on Friday. The stock had a trading volume of 811,113 shares, compared to its average volume of 136,316. The firm’s 50 day simple moving average is $2.97 and its 200-day simple moving average is $2.55. The company has a market cap of $160.62 million, a PE ratio of -3.18 and a beta of 1.07. The company has a quick ratio of 2.41, a current ratio of 2.39 and a debt-to-equity ratio of 1.45. AgroFresh Solutions has a 52 week low of $1.46 and a 52 week high of $3.00.

Institutional Investors Weigh In On AgroFresh Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC bought a new stake in AgroFresh Solutions during the fourth quarter worth approximately $36,000. AE Wealth Management LLC bought a new stake in AgroFresh Solutions during the fourth quarter worth approximately $39,000. UBS Group AG raised its holdings in AgroFresh Solutions by 75.9% during the fourth quarter. UBS Group AG now owns 15,552 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 6,711 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in AgroFresh Solutions during the first quarter worth approximately $54,000. Finally, Goldman Sachs Group Inc. raised its holdings in AgroFresh Solutions by 38.0% during the first quarter. Goldman Sachs Group Inc. now owns 29,478 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 8,113 shares in the last quarter.

AgroFresh Solutions Company Profile

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AgroFresh Solutions, Inc engages in the provision of food preservation and waste reduction solutions for fresh produce. Its products include SmartFreshTM, HarvistaTM, and FreshCloud. It operates through the following segments: AgroFresh Core and AgroFresh Fruit Protection. The AgroFresh Core produces preservation and waste reduction solutions for growers and packers.