AgroFresh Solutions (AGFS) Upgraded to “Hold” at ValuEngine

AgroFresh Solutions (NASDAQ:AGFS) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday.

Separately, BidaskClub downgraded shares of AgroFresh Solutions from a “hold” rating to a “sell” rating in a report on Wednesday.

AgroFresh Solutions (NASDAQ:AGFS) opened at $7.55 on Friday. The company has a market cap of $380.05, a price-to-earnings ratio of -5.47 and a beta of 0.88. AgroFresh Solutions has a twelve month low of $2.59 and a twelve month high of $9.05. The company has a quick ratio of 2.28, a current ratio of 2.51 and a debt-to-equity ratio of 1.05.

AgroFresh Solutions (NASDAQ:AGFS) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.19 EPS for the quarter. AgroFresh Solutions had a negative net margin of 42.54% and a positive return on equity of 0.19%.

In other news, major shareholder Dowdupont Inc. bought 27,078 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average price of $5.39 per share, for a total transaction of $145,950.42. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased a total of 467,027 shares of company stock worth $2,939,097 in the last quarter. Insiders own 15.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in shares of AgroFresh Solutions by 41.4% during the 2nd quarter. Citadel Advisors LLC now owns 15,389 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 4,509 shares during the period. Nationwide Fund Advisors increased its holdings in shares of AgroFresh Solutions by 26.7% during the 2nd quarter. Nationwide Fund Advisors now owns 17,016 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 3,582 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of AgroFresh Solutions during the 3rd quarter worth about $133,000. Rhumbline Advisers increased its holdings in shares of AgroFresh Solutions by 20.3% during the 2nd quarter. Rhumbline Advisers now owns 23,333 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 3,931 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of AgroFresh Solutions during the 2nd quarter worth about $170,000. Institutional investors own 72.43% of the company’s stock.

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AgroFresh Solutions Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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