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
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.
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