AgroFresh Solutions Inc. (NASDAQ:AGFS) Director Nance K. Dicciani purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average price of $2.22 per share, for a total transaction of $11,100.00. Following the completion of the purchase, the director now owns 45,225 shares of the company’s stock, valued at $100,399.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

AgroFresh Solutions Inc. (NASDAQ:AGFS) opened at 3.18 on Wednesday. The firm’s market capitalization is $158.76 million. The company’s 50-day moving average price is $4.26 and its 200 day moving average price is $5.21. AgroFresh Solutions Inc. has a one year low of $1.96 and a one year high of $6.95.

AgroFresh Solutions (NASDAQ:AGFS) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. AgroFresh Solutions had a negative return on equity of 1.25% and a negative net margin of 27.23%. The business had revenue of $61.20 million for the quarter, compared to analysts’ expectations of $71.47 million. On average, analysts forecast that AgroFresh Solutions Inc. will post ($0.85) earnings per share for the current year.

Insider Buying and Selling by Quarter for AgroFresh Solutions (NASDAQ:AGFS)

A number of institutional investors have recently modified their holdings of the company. Barclays PLC raised its position in shares of AgroFresh Solutions by 1,459.5% in the second quarter. Barclays PLC now owns 20,274 shares of the company’s stock worth $108,000 after buying an additional 18,974 shares during the period. Teachers Advisors Inc. acquired a new position in shares of AgroFresh Solutions during the second quarter worth about $183,000. Schwab Charles Investment Management Inc. acquired a new position in shares of AgroFresh Solutions during the second quarter worth about $186,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of AgroFresh Solutions during the first quarter worth about $203,000. Finally, Emerald Acquisition Ltd. acquired a new position in shares of AgroFresh Solutions during the second quarter worth about $233,000. 72.77% of the stock is owned by institutional investors and hedge funds.

AGFS has been the topic of a number of analyst reports. Zacks Investment Research upgraded AgroFresh Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Citigroup Inc. downgraded AgroFresh Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $2.75 in a research note on Thursday, November 10th.

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About AgroFresh Solutions

AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.

5 Day Chart for NASDAQ:AGFS

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