AgroFresh Solutions, Inc. (NASDAQ:AGFS – Get Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 335,300 shares, a growth of 14.8% from the December 15th total of 292,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 810,500 shares, the days-to-cover ratio is presently 0.4 days.
AgroFresh Solutions Stock Performance
NASDAQ AGFS opened at $2.97 on Friday. The company has a market capitalization of $157.54 million, a PE ratio of -3.16 and a beta of 1.06. The company has a fifty day moving average of $2.93 and a 200 day moving average of $2.19. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.91 and a quick ratio of 2.41. AgroFresh Solutions has a 1 year low of $1.46 and a 1 year high of $2.98.
AgroFresh Solutions (NASDAQ:AGFS – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The basic materials company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $47.76 million for the quarter, compared to analyst estimates of $54.10 million. AgroFresh Solutions had a negative return on equity of 6.49% and a negative net margin of 17.23%. Research analysts forecast that AgroFresh Solutions will post -0.98 earnings per share for the current year.
Analysts Set New Price Targets
Institutional Trading of AgroFresh Solutions
A number of institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new position in AgroFresh Solutions during the first quarter worth $54,000. Goldman Sachs Group Inc. raised its holdings in shares of AgroFresh Solutions by 38.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,478 shares of the basic materials company’s stock valued at $56,000 after buying an additional 8,113 shares during the period. Accurate Wealth Management LLC raised its holdings in shares of AgroFresh Solutions by 29.3% in the 4th quarter. Accurate Wealth Management LLC now owns 36,947 shares of the basic materials company’s stock valued at $109,000 after buying an additional 8,375 shares during the period. State Street Corp raised its holdings in shares of AgroFresh Solutions by 17.6% in the 1st quarter. State Street Corp now owns 57,448 shares of the basic materials company’s stock valued at $109,000 after buying an additional 8,584 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in AgroFresh Solutions during the 2nd quarter worth about $116,000.
About AgroFresh Solutions
AgroFresh Solutions, Inc engages in the provision of food preservation and waste reduction solutions for fresh produce. Its products include SmartFreshTM, HarvistaTM, and FreshCloud. It operates through the following segments: AgroFresh Core and AgroFresh Fruit Protection. The AgroFresh Core produces preservation and waste reduction solutions for growers and packers.
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