Agrify (NASDAQ:AGFY) Trading 3.6% Higher – What’s Next?

Agrify Corporation (NASDAQ:AGFY)’s stock price traded up 3.6% on Thursday . The company traded as high as $19.64 and last traded at $19.64. 6,855 shares were traded during trading, a decline of 78% from the average session volume of 31,467 shares. The stock had previously closed at $18.95.

Agrify Stock Performance

The company has a debt-to-equity ratio of 1.43, a current ratio of 2.64 and a quick ratio of 2.52. The stock has a market cap of $39.34 million, a PE ratio of -0.87 and a beta of 9.96. The business has a 50 day moving average price of $34.45 and a two-hundred day moving average price of $30.86.

Hedge Funds Weigh In On Agrify

A hedge fund recently raised its stake in Agrify stock. Rip Road Capital Partners LP lifted its position in shares of Agrify Corporation (NASDAQ:AGFY) by 15.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,911 shares of the company’s stock after purchasing an additional 10,528 shares during the period. Agrify accounts for approximately 1.5% of Rip Road Capital Partners LP’s portfolio, making the stock its 19th largest position. Rip Road Capital Partners LP owned 3.99% of Agrify worth $1,367,000 at the end of the most recent quarter. 5.98% of the stock is currently owned by hedge funds and other institutional investors.

About Agrify

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.