Shares of AgroFresh Solutions Inc (NASDAQ:AGFS) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1-year consensus price objective of $7.00 for the company, according to Zacks. Zacks has also assigned AgroFresh Solutions an industry rank of 232 out of 255 based on the ratings given to its competitors.

A number of equities analysts have issued reports on the company. BidaskClub upgraded AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup reduced their target price on AgroFresh Solutions from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, August 16th.

In related news, major shareholder Dowdupont Inc. bought 38,730 shares of AgroFresh Solutions stock in a transaction on Friday, August 17th. The shares were purchased at an average price of $5.72 per share, for a total transaction of $221,535.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have acquired 1,027,445 shares of company stock worth $6,659,681. Company insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Sowell Financial Services LLC bought a new position in AgroFresh Solutions during the first quarter worth about $124,000. Private Advisor Group LLC bought a new position in shares of AgroFresh Solutions during the 2nd quarter valued at about $125,000. Element Capital Management LLC bought a new position in shares of AgroFresh Solutions during the 1st quarter valued at about $132,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of AgroFresh Solutions during the 1st quarter valued at about $143,000. Finally, Rhumbline Advisers lifted its holdings in shares of AgroFresh Solutions by 49.0% during the 2nd quarter. Rhumbline Advisers now owns 30,499 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 10,034 shares in the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.

AgroFresh Solutions stock opened at $6.70 on Friday. AgroFresh Solutions has a 12-month low of $4.94 and a 12-month high of $8.75. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.53 and a current ratio of 1.93.

AgroFresh Solutions (NASDAQ:AGFS) last issued its earnings results on Thursday, August 9th. The basic materials company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.18). AgroFresh Solutions had a negative return on equity of 6.57% and a negative net margin of 1.17%. The company had revenue of $18.84 million for the quarter.

About AgroFresh Solutions

AgroFresh Solutions, Inc provides data-driven specialty 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, avocados, and bananas, as well as flowers.

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