BidaskClub lowered shares of AgroFresh Solutions (NASDAQ:AGFS) from a buy rating to a hold rating in a research report sent to investors on Saturday.
Separately, ValuEngine upgraded AgroFresh Solutions from a sell rating to a hold rating in a research report on Friday, February 2nd.
Shares of AgroFresh Solutions (NASDAQ:AGFS) opened at $7.01 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.51 and a quick ratio of 2.28. The company has a market capitalization of $357.52, a PE ratio of 14.92 and a beta of 0.78. AgroFresh Solutions has a 52-week low of $3.15 and a 52-week high of $9.05.
AgroFresh Solutions (NASDAQ:AGFS) last posted its earnings results on Wednesday, March 14th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The firm had revenue of $54.14 million during the quarter. AgroFresh Solutions had a negative return on equity of 0.15% and a net margin of 14.31%.
In related news, major shareholder Dowdupont Inc. acquired 18,501 shares of AgroFresh Solutions stock in a transaction on Monday, December 18th. The shares were bought at an average cost of $7.00 per share, with a total value of $129,507.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors increased its stake in AgroFresh Solutions by 26.7% during the second quarter. Nationwide Fund Advisors now owns 17,016 shares of the basic materials company’s stock worth $122,000 after acquiring an additional 3,582 shares during the last quarter. Northern Trust Corp increased its stake in AgroFresh Solutions by 5.1% during the second quarter. Northern Trust Corp now owns 271,171 shares of the basic materials company’s stock worth $1,947,000 after acquiring an additional 13,198 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in AgroFresh Solutions by 332.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 18,310 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 14,073 shares during the last quarter. Wells Fargo & Company MN increased its stake in AgroFresh Solutions by 57.3% during the fourth quarter. Wells Fargo & Company MN now owns 43,323 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 15,788 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in AgroFresh Solutions during the third quarter worth approximately $133,000. 36.21% of the stock is currently owned by institutional investors.
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About AgroFresh Solutions
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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