BidaskClub Upgrades AgroFresh Solutions (AGFS) to Hold
BidaskClub upgraded shares of AgroFresh Solutions (NASDAQ:AGFS) from a sell rating to a hold rating in a report published on Thursday morning.
Separately, ValuEngine upgraded AgroFresh Solutions from a sell rating to a hold rating in a report on Sunday, December 31st.
Shares of AgroFresh Solutions (NASDAQ:AGFS) opened at $7.92 on Thursday. The firm has a market capitalization of $398.67, a P/E ratio of -5.66 and a beta of 0.90. The company has a quick ratio of 2.28, a current ratio of 2.51 and a debt-to-equity ratio of 1.05. AgroFresh Solutions has a fifty-two week low of $2.55 and a fifty-two week high of $9.05.
In related news, major shareholder Dowdupont Inc. bought 54,063 shares of the stock in a transaction on Friday, November 24th. The shares were purchased at an average price of $5.55 per share, for a total transaction of $300,049.65. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 467,027 shares of company stock worth $2,939,097. 15.20% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in AgroFresh Solutions by 49.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 337,674 shares of the basic materials company’s stock valued at $2,374,000 after buying an additional 111,568 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in AgroFresh Solutions during the 3rd quarter valued at $133,000. American Century Companies Inc. grew its holdings in AgroFresh Solutions by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 230,997 shares of the basic materials company’s stock valued at $1,624,000 after buying an additional 45,661 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in AgroFresh Solutions during the 2nd quarter valued at $170,000. Finally, State Street Corp grew its holdings in AgroFresh Solutions by 30.9% during the 2nd quarter. State Street Corp now owns 358,217 shares of the basic materials company’s stock valued at $2,573,000 after buying an additional 84,525 shares during the last quarter. Hedge funds and other institutional investors own 72.61% of the company’s stock.
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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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