Company shares last traded at $5.90 which is significantly below the 50 day moving average of $6.80 and much lower than the 200 day moving average of $7.02. The 50 day moving average was down $-0.90 or -13.24% whereas the 200 day average was down by -15.93%. Trading was heavy with 125K shares changing hands on Tuesday. Overall, volume was up 39.43% over the stocks normal daily volume.
Traders are feeling more bullish on shares of the company of late if you watch the change in short interest. The stock experienced a fall in short interest of -5.52% as of the latest report on October 13, 2017. Short shares decreased from 1,413,048 to 1,335,096 over that period. With short interest at 1,335,096 and short average daily volume at 85,445, days to cover is 16.0 and the percentage of shorted shares was 0.03% on October 13.
The following firms have recently changed their position in AGFS. As of the end of the quarter Ubs Group Ag had acquired 15 shares growing its stake by 2.6%. The value of the investment in AgroFresh Solutions, Inc. increased from $3,000 to $4,000 increasing 33.3% for the reporting period. As of quarter end Acadian Asset Management LLC had bought a total of 179,415 shares growing its holdings by 143.4%. The value of the investment in AGFS went from $900,000 to $2,141,000 a change of $1,241,000 since the last quarter.
As of quarter end First Manhattan Co had disposed of 92,650 shares trimming its position 2.4%. The value of the investment in (AGFS) went from $27,503,000 to $26,278,000 a change of 4.5% quarter over quarter. Nationwide Fund Advisors downsized its holdings by shedding 1,533 shares a decrease of 9.0% in the quarter. Nationwide Fund Advisors currently owns 15,483 shares worth $109,000. The total value of its holdings decreased 10.7%.
August 14 investment analysts at Citigroup left the stock rating at “Neutral” and moved down the price target to $8.00 from $9.00.
As of the latest earnings report the EPS was $-1.43 and is estimated to be $0.11 for the current year with 50,337,000 shares outstanding. Next quarter’s EPS is forecasted at $0.06 with next year’s EPS anticipated to be $-0.04.
AgroFresh Solutions, Inc., formerly Boulevard Acquisition Corp., launched on October 24, 2013, 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 Business’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. SmartFresh is naturally biodegradable and leaves no detectable residue, which has significant consumer appeal. SmartFresh allows growers and packers to deliver just harvested freshness on a year-round basis. An integral part of the SmartFresh sales process is the AgroFresh Whole Product offering, which is a direct service model that provides customers with on-site applications of SmartFresh at their storage facilities combined with advisory services..