AgroFresh Solutions (NASDAQ:AGFS) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of AgroFresh Solutions (NASDAQ:AGFS) from a sell rating to a hold rating in a report issued on Thursday, January 11th.

Separately, ValuEngine upgraded shares of AgroFresh Solutions from a sell rating to a hold rating in a research note on Sunday, December 31st.

Shares of AgroFresh Solutions (AGFS) traded up $0.06 during midday trading on Thursday, reaching $7.56. The company’s stock had a trading volume of 120,503 shares, compared to its average volume of 124,292. AgroFresh Solutions has a 52 week low of $2.55 and a 52 week high of $9.05. The company has a current ratio of 2.51, a quick ratio of 2.28 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $380.55, a price-to-earnings ratio of -5.40 and a beta of 0.90.

AgroFresh Solutions (NASDAQ:AGFS) last issued 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 AgroFresh Solutions news, major shareholder Dowdupont Inc. bought 54,063 shares of AgroFresh Solutions stock in a transaction dated Friday, November 24th. The stock was acquired at an average cost of $5.55 per share, with a total value of $300,049.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 467,027 shares of company stock valued at $2,939,097 over the last ninety days. Corporate insiders own 15.20% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in AgroFresh Solutions by 37.7% in the second quarter. Vanguard Group Inc. now owns 957,609 shares of the basic materials company’s stock valued at $6,876,000 after buying an additional 262,328 shares in the last quarter. American Century Companies Inc. purchased a new position in AgroFresh Solutions in the second quarter valued at about $1,331,000. Dimensional Fund Advisors LP increased its holdings in AgroFresh Solutions by 176.4% in the second quarter. Dimensional Fund Advisors LP now owns 226,106 shares of the basic materials company’s stock valued at $1,623,000 after buying an additional 144,297 shares in the last quarter. State Street Corp grew its position in shares of AgroFresh Solutions by 30.9% in the second quarter. State Street Corp now owns 358,217 shares of the basic materials company’s stock valued at $2,573,000 after purchasing an additional 84,525 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of AgroFresh Solutions in the second quarter valued at approximately $235,000. 72.61% of the stock is owned by institutional investors and hedge funds.

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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.

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