AgroFresh Solutions (NASDAQ:AGFS) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

AgroFresh Solutions (NASDAQ:AGFSGet Rating) released its quarterly earnings results on Wednesday. The basic materials company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.04, MarketWatch Earnings reports. AgroFresh Solutions had a negative return on equity of 8.58% and a negative net margin of 7.09%. During the same period last year, the company earned ($0.25) earnings per share.

Shares of NASDAQ:AGFS traded down $0.02 during trading hours on Friday, hitting $1.61. 22,751 shares of the company’s stock traded hands, compared to its average volume of 39,247. AgroFresh Solutions has a 1 year low of $1.56 and a 1 year high of $2.52. The business has a fifty day moving average price of $1.89 and a 200-day moving average price of $1.95. The company has a quick ratio of 2.72, a current ratio of 3.12 and a debt-to-equity ratio of 1.10.

A hedge fund recently raised its stake in AgroFresh Solutions stock. American Century Companies Inc. grew its stake in shares of AgroFresh Solutions, Inc. (NASDAQ:AGFSGet Rating) by 30.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,086 shares of the basic materials company’s stock after acquiring an additional 22,825 shares during the period. American Century Companies Inc. owned about 0.19% of AgroFresh Solutions worth $186,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 74.15% of the company’s stock.

Separately, assumed coverage on AgroFresh Solutions in a research report on Friday. They set a “hold” rating for the company.

About AgroFresh Solutions (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.

See Also

Earnings History for AgroFresh Solutions (NASDAQ:AGFS)

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