AgroFresh Solutions (NASDAQ:AGFS) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of AgroFresh Solutions (NASDAQ:AGFSGet Rating) in a research note released on Monday morning. The firm issued a hold rating on the basic materials company’s stock.

Separately, Roth Capital cut shares of AgroFresh Solutions from a buy rating to a neutral rating in a research report on Thursday, November 10th.

AgroFresh Solutions Price Performance

AgroFresh Solutions stock opened at $2.94 on Monday. AgroFresh Solutions has a 1 year low of $1.46 and a 1 year high of $2.96. The firm has a 50 day moving average price of $2.09 and a 200 day moving average price of $1.84. The company has a market cap of $155.94 million, a price-to-earnings ratio of -3.13 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.41 and a current ratio of 2.91.

Hedge Funds Weigh In On AgroFresh Solutions

Several institutional investors have recently modified their holdings of the company. Accurate Wealth Management LLC acquired a new stake in AgroFresh Solutions in the first quarter worth about $50,000. Charles Schwab Investment Management Inc. purchased a new stake in AgroFresh Solutions during the first quarter valued at about $54,000. Goldman Sachs Group Inc. increased 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 purchasing an additional 8,113 shares during the period. State Street Corp increased 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 purchasing an additional 8,584 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new position in shares of AgroFresh Solutions in the 2nd quarter valued at about $116,000. Institutional investors own 83.45% of the company’s stock.

About AgroFresh Solutions

(Get Rating)

AgroFresh Solutions, Inc provides science-based solutions, data-driven technologies, and high-touch customer services. The company's flagship product is the SmartFresh system that regulates the post-harvest ripening effects of ethylene to preserve the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display.

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