AgroFresh Solutions (AGFS) Stock Rating Lowered by BidaskClub

AgroFresh Solutions (NASDAQ:AGFS) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Separately, ValuEngine raised AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 2nd.

NASDAQ AGFS opened at $7.09 on Wednesday. AgroFresh Solutions has a twelve month low of $6.88 and a twelve month high of $7.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.50 and a quick ratio of 2.19.

AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings results on Thursday, May 10th. The basic materials company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.21). The business had revenue of $38.35 million during the quarter. AgroFresh Solutions had a negative return on equity of 0.37% and a net margin of 13.28%.

In other AgroFresh Solutions news, major shareholder Dowdupont Inc. purchased 7,851 shares of AgroFresh Solutions stock in a transaction that occurred on Tuesday, May 15th. The stock was bought at an average price of $6.99 per share, with a total value of $54,878.49. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased a total of 134,164 shares of company stock valued at $933,822 in the last ninety days. 15.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in AgroFresh Solutions by 38.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 48,400 shares of the basic materials company’s stock worth $356,000 after buying an additional 13,400 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in AgroFresh Solutions by 332.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 18,310 shares of the basic materials company’s stock worth $135,000 after buying an additional 14,073 shares in the last quarter. Wells Fargo & Company MN increased its stake in AgroFresh Solutions by 57.3% during the 4th quarter. Wells Fargo & Company MN now owns 43,323 shares of the basic materials company’s stock worth $321,000 after buying an additional 15,788 shares in the last quarter. Citadel Advisors LLC increased its stake in AgroFresh Solutions by 29.2% during the 1st quarter. Citadel Advisors LLC now owns 69,836 shares of the basic materials company’s stock worth $513,000 after buying an additional 15,788 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in AgroFresh Solutions during the 1st quarter worth approximately $124,000. Institutional investors own 71.71% of the company’s stock.

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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