StockNews.com Initiates Coverage on AgroFresh Solutions (NASDAQ:AGFS)

StockNews.com began coverage on shares of AgroFresh Solutions (NASDAQ:AGFSGet Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the basic materials company’s stock.

AGFS opened at $1.83 on Thursday. The company has a current ratio of 3.12, a quick ratio of 2.72 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $95.92 million, a PE ratio of -3.00 and a beta of 0.85. AgroFresh Solutions has a 1-year low of $1.64 and a 1-year high of $2.52. The firm has a 50-day moving average price of $1.92 and a two-hundred day moving average price of $1.96.

AgroFresh Solutions (NASDAQ:AGFSGet Rating) last posted its quarterly earnings data on Wednesday, March 9th. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. The firm had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $53.30 million. AgroFresh Solutions had a negative net margin of 7.09% and a negative return on equity of 8.58%. On average, research analysts predict that AgroFresh Solutions will post -0.68 EPS for the current year.

Large investors have recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of AgroFresh Solutions by 17.9% during the 3rd quarter. American Century Companies Inc. now owns 54,108 shares of the basic materials company’s stock worth $117,000 after buying an additional 8,224 shares during the period. TSP Capital Management Group LLC grew its position in shares of AgroFresh Solutions by 39.9% during the 4th quarter. TSP Capital Management Group LLC now owns 2,761,800 shares of the basic materials company’s stock worth $5,496,000 after buying an additional 787,000 shares during the period. BlackRock Inc. grew its position in shares of AgroFresh Solutions by 52.4% during the 3rd quarter. BlackRock Inc. now owns 195,830 shares of the basic materials company’s stock worth $423,000 after buying an additional 67,354 shares during the period. Finally, Perritt Capital Management Inc. grew its position in shares of AgroFresh Solutions by 15.8% during the 3rd quarter. Perritt Capital Management Inc. now owns 49,213 shares of the basic materials company’s stock worth $106,000 after buying an additional 6,713 shares during the period. Institutional investors own 74.15% of the company’s stock.

AgroFresh Solutions Company Profile (Get Rating)

AgroFresh Solutions, Inc provides science-based solutions, data-driven technologies, and high-touch customer services. The company's flagship product is the SmartFresh system that regulates the post-harvest ripening effects of ethylene to preserve the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display.

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