Shares of AgroFresh Solutions Inc (NASDAQ:AGFS) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.73.
Several analysts have recently commented on AGFS shares. Roth Capital started coverage on shares of AgroFresh Solutions in a research report on Tuesday, May 21st. They set a “buy” rating and a $6.00 price target on the stock. National Securities reaffirmed a “buy” rating on shares of AgroFresh Solutions in a research report on Monday, July 1st. Finally, HC Wainwright reaffirmed a “buy” rating on shares of Pulmatrix in a research report on Tuesday, April 16th.
AGFS traded up $0.04 during trading on Friday, reaching $1.68. The company’s stock had a trading volume of 2,236 shares, compared to its average volume of 438,983. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $1.90. AgroFresh Solutions has a 1 year low of $1.44 and a 1 year high of $7.18. The company has a market capitalization of $84.38 million, a P/E ratio of -3.02 and a beta of 0.57.
In other news, Director Gregory M. Freiwald purchased 49,500 shares of AgroFresh Solutions stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $2.59 per share, with a total value of $128,205.00. Following the transaction, the director now owns 114,339 shares in the company, valued at $296,138.01. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have bought 60,000 shares of company stock worth $152,825. Corporate insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AGFS. Dimensional Fund Advisors LP raised its position in AgroFresh Solutions by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,010,377 shares of the basic materials company’s stock valued at $3,829,000 after purchasing an additional 111,179 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in AgroFresh Solutions in the fourth quarter valued at approximately $249,000. BlackRock Inc. raised its position in AgroFresh Solutions by 1.5% in the fourth quarter. BlackRock Inc. now owns 1,744,063 shares of the basic materials company’s stock valued at $6,610,000 after purchasing an additional 26,023 shares during the period. Raymond James & Associates purchased a new stake in AgroFresh Solutions in the fourth quarter valued at approximately $88,000. Finally, Geode Capital Management LLC raised its position in AgroFresh Solutions by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 305,477 shares of the basic materials company’s stock valued at $1,157,000 after purchasing an additional 14,229 shares during the period. 82.19% of the stock is currently owned by institutional investors.
AgroFresh Solutions Company Profile
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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