AgroFresh Solutions, Inc. (NASDAQ:AGFS) Short Interest Update

AgroFresh Solutions, Inc. (NASDAQ:AGFS – Get Rating) saw a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 335,300 shares, a growth of 14.8% from the December 15th total of 292,000 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 810,500 shares, the days-to-cover ratio is currently 0.4 days.

AgroFresh Solutions Price Performance

AGFS stock opened at $2.97 on Friday. The firm has a market cap of $157.54 million, a P/E ratio of -3.16 and a beta of 1.06. The firm’s fifty day moving average is $2.93 and its 200 day moving average is $2.19. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.41 and a current ratio of 2.91. AgroFresh Solutions has a 52 week low of $1.46 and a 52 week high of $2.98.

AgroFresh Solutions (NASDAQ:AGFS – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. AgroFresh Solutions had a negative return on equity of 6.49% and a negative net margin of 17.23%. The business had revenue of $47.76 million during the quarter, compared to analysts’ expectations of $54.10 million. Research analysts predict that AgroFresh Solutions will post -0.98 earnings per share for the current year.

Hedge Funds Weigh In On AgroFresh Solutions

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. purchased a new stake in shares of AgroFresh Solutions during the first quarter valued at approximately $54,000. Goldman Sachs Group Inc. lifted its holdings in shares of AgroFresh Solutions by 38.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 29,478 shares of the basic materials company’s stock valued at $56,000 after buying an additional 8,113 shares during the period. Accurate Wealth Management LLC lifted its holdings in AgroFresh Solutions by 29.3% in the fourth quarter. Accurate Wealth Management LLC now owns 36,947 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 8,375 shares during the period. State Street Corp lifted its stake in shares of AgroFresh Solutions by 17.6% in the 1st quarter. State Street Corp now owns 57,448 shares of the basic materials company’s stock worth $109,000 after purchasing an additional 8,584 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in shares of AgroFresh Solutions during the 2nd quarter valued at $116,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AGFS. StockNews.com assumed coverage on shares of AgroFresh Solutions in a research report on Thursday, December 15th. They set a “hold” rating for the company. Roth Capital cut AgroFresh Solutions from a “buy” rating to a “neutral” rating in a report on Thursday, November 10th.

About AgroFresh Solutions

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AgroFresh Solutions, Inc engages in the provision of food preservation and waste reduction solutions for fresh produce. Its products include SmartFreshTM, HarvistaTM, and FreshCloud. It operates through the following segments: AgroFresh Core and AgroFresh Fruit Protection. The AgroFresh Core produces preservation and waste reduction solutions for growers and packers.