SG Capital Management LLC Purchases New Stake in Agrify Co. (NASDAQ:AGFY)

SG Capital Management LLC purchased a new stake in shares of Agrify Co. (NASDAQ:AGFY) in the fourth quarter, Holdings Channel reports. The firm purchased 23,866 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors have also recently bought and sold shares of AGFY. Rip Road Capital Partners LP purchased a new stake in shares of Agrify in the fourth quarter worth approximately $1,953,000. Marathon Partners Equity Management LLC purchased a new position in shares of Agrify during the fourth quarter valued at approximately $174,000. AdvisorShares Investments LLC bought a new stake in Agrify during the fourth quarter worth $321,000. Finally, Renaissance Technologies LLC bought a new stake in Agrify during the fourth quarter worth $841,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

Agrify Price Performance

AGFY opened at $27.02 on Friday. Agrify Co. has a 1 year low of $2.71 and a 1 year high of $84.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. The company has a market capitalization of $52.74 million, a price-to-earnings ratio of -1.93 and a beta of 10.16. The firm’s fifty day moving average price is $19.07 and its two-hundred day moving average price is $23.18.

Agrify (NASDAQ:AGFY) last posted its quarterly earnings data on Friday, May 9th. The company reported ($1.68) EPS for the quarter. The business had revenue of $0.54 million for the quarter.

Agrify Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.