AgroFresh Solutions (NASDAQ:AGFS) Stock Price Up 6.5%

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AgroFresh Solutions Inc (NASDAQ:AGFS) shares were up 6.5% on Friday . The stock traded as high as $2.36 and last traded at $2.29, approximately 128,100 shares changed hands during mid-day trading. A decline of 24% from the average daily volume of 169,527 shares. The stock had previously closed at $2.15.

Several research analysts have weighed in on AGFS shares. National Securities reiterated a “buy” rating and issued a $2.50 price target on shares of AgroFresh Solutions in a report on Friday, August 9th. ValuEngine upgraded AgroFresh Solutions from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $5.08.

The company has a fifty day simple moving average of $2.01 and a two-hundred day simple moving average of $2.22. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.58 and a current ratio of 1.98. The company has a market capitalization of $110.60 million, a price-to-earnings ratio of -4.09 and a beta of 0.63.

AgroFresh Solutions (NASDAQ:AGFS) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.45) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.50) by $0.05. The company had revenue of $21.18 million during the quarter, compared to the consensus estimate of $18.90 million. AgroFresh Solutions had a negative return on equity of 8.77% and a negative net margin of 18.44%. As a group, analysts expect that AgroFresh Solutions Inc will post -0.49 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in AgroFresh Solutions by 68.4% in the 2nd quarter. SG Americas Securities LLC now owns 18,039 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 7,330 shares during the last quarter. LPL Financial LLC raised its holdings in AgroFresh Solutions by 90.0% in the 2nd quarter. LPL Financial LLC now owns 19,000 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 9,000 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in AgroFresh Solutions in the 2nd quarter valued at $31,000. A.R.T. Advisors LLC acquired a new position in AgroFresh Solutions in the 2nd quarter valued at $34,000. Finally, Susquehanna International Group LLP acquired a new position in AgroFresh Solutions in the 2nd quarter valued at $65,000. Institutional investors own 78.54% of the company’s stock.

About AgroFresh Solutions (NASDAQ:AGFS)

AgroFresh Solutions, Inc provides data-driven 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, plums, persimmons avocados, and bananas, as well as flowers.

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