Shares of AgroFresh Solutions Inc. (NASDAQ:AGFS) fell 2.3% during trading on Wednesday . The company traded as low as $5.42 and last traded at $5.48, with a volume of 54,506 shares. The stock had previously closed at $5.61.

Separately, Zacks Investment Research upgraded shares of AgroFresh Solutions from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Friday, August 12th.

The company’s market capitalization is $274.84 million. The company has a 50 day moving average price of $5.92 and a 200 day moving average price of $5.74.

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AgroFresh Solutions (NASDAQ:AGFS) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.29. The firm had revenue of $18.40 million for the quarter, compared to analyst estimates of $17.70 million. AgroFresh Solutions had a positive return on equity of 0.65% and a negative net margin of 42.03%. Equities research analysts anticipate that AgroFresh Solutions Inc. will post ($0.84) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. acquired a new position in shares of AgroFresh Solutions during the second quarter worth about $186,000. Barclays PLC raised its position in shares of AgroFresh Solutions by 1,459.5% in the second quarter. Barclays PLC now owns 20,274 shares of the company’s stock worth $108,000 after buying an additional 18,974 shares during the period. State Street Corp raised its position in shares of AgroFresh Solutions by 783.8% in the second quarter. State Street Corp now owns 193,560 shares of the company’s stock worth $1,027,000 after buying an additional 171,660 shares during the period. Citigroup Inc. raised its position in shares of AgroFresh Solutions by 4.3% in the second quarter. Citigroup Inc. now owns 47,339 shares of the company’s stock worth $251,000 after buying an additional 1,957 shares during the period. Finally, Weber Alan W acquired a new position in shares of AgroFresh Solutions during the second quarter worth about $531,000. Hedge funds and other institutional investors own 73.88% of the company’s stock.

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.

5 Day Chart for NASDAQ:AGFS

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