Agrify (NASDAQ:AGFY) Trading 2.4% Higher – Time to Buy?

Agrify Corporation (NASDAQ:AGFY) shares were up 2.4% on Friday . The company traded as high as $25.62 and last traded at $25.38. Approximately 27,633 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 31,467 shares. The stock had previously closed at $24.7950.

Agrify Trading Up 2.4%

The firm has a fifty day moving average of $27.87 and a two-hundred day moving average of $30.59. The company has a market cap of $50.84 million, a PE ratio of -1.12 and a beta of 9.96. The company has a current ratio of 2.64, a quick ratio of 2.52 and a debt-to-equity ratio of 1.43.

Institutional Trading of Agrify

An institutional investor recently raised its position in Agrify stock. Rip Road Capital Partners LP increased its holdings in Agrify Corporation (NASDAQ:AGFY) by 15.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,911 shares of the company’s stock after buying an additional 10,528 shares during the period. Agrify accounts for 1.5% of Rip Road Capital Partners LP’s investment portfolio, making the stock its 19th biggest position. Rip Road Capital Partners LP owned approximately 3.99% of Agrify worth $1,367,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.98% of the company’s stock.

Agrify Company Profile

Agrify Corporation (NASDAQ: AGFY) is a technology-driven company focused on developing integrated hardware and software solutions for controlled-environment agriculture. The company specializes in precision-engineered cultivation equipment designed to enhance operational efficiencies and improve crop consistency for commercial growers.

Central to Agrify’s product suite is its Vertical Farming Platform, which combines rolling bench systems with automated climate controls to maximize canopy density and simplify environmental management.