AgroFresh Solutions (NASDAQ:AGFS) Given Market Perform Rating at Roth Capital

AgroFresh Solutions (NASDAQ:AGFS)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Roth Capital in a research note issued to investors on Friday, AnalystRatings.com reports. They presently have a $6.00 target price on the basic materials company’s stock. Roth Capital’s target price would indicate a potential upside of 87.50% from the stock’s current price.

Several other research firms have also recently weighed in on AGFS. National Securities reissued a “buy” rating and issued a $5.50 price target on shares of AgroFresh Solutions in a report on Wednesday, May 13th. Zacks Investment Research raised shares of AgroFresh Solutions from a “hold” rating to a “strong-buy” rating and set a $2.25 target price on the stock in a report on Friday, May 15th.

AgroFresh Solutions stock traded down $0.07 during trading hours on Friday, hitting $3.20. The company had a trading volume of 223,333 shares, compared to its average volume of 270,822. The firm has a market cap of $167.00 million, a PE ratio of -2.99 and a beta of 1.06. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.63 and a quick ratio of 2.14. AgroFresh Solutions has a one year low of $1.00 and a one year high of $4.20. The firm has a 50-day moving average of $2.00 and a 200 day moving average of $2.19.

AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings results on Monday, May 11th. The basic materials company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.09. The firm had revenue of $33.02 million for the quarter, compared to analysts’ expectations of $40.33 million. AgroFresh Solutions had a negative net margin of 31.59% and a negative return on equity of 4.24%. As a group, research analysts expect that AgroFresh Solutions will post -0.3 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in shares of AgroFresh Solutions by 63.6% during the fourth quarter. Renaissance Technologies LLC now owns 238,088 shares of the basic materials company’s stock worth $614,000 after purchasing an additional 92,585 shares during the period. Geode Capital Management LLC increased its stake in AgroFresh Solutions by 3.4% in the first quarter. Geode Capital Management LLC now owns 212,550 shares of the basic materials company’s stock valued at $348,000 after acquiring an additional 7,047 shares during the last quarter. Oxford Asset Management LLP increased its stake in AgroFresh Solutions by 70.5% in the fourth quarter. Oxford Asset Management LLP now owns 117,044 shares of the basic materials company’s stock valued at $302,000 after acquiring an additional 48,411 shares during the last quarter. State Street Corp increased its stake in AgroFresh Solutions by 10.2% in the fourth quarter. State Street Corp now owns 57,903 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 5,349 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in AgroFresh Solutions by 20.3% in the first quarter. Wells Fargo & Company MN now owns 40,890 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 6,905 shares during the last quarter. 71.83% of the stock is currently owned by institutional investors.

AgroFresh Solutions Company Profile

AgroFresh Solutions, Inc provides data-driven solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, plums, persimmons avocados, and bananas, as well as flowers.

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