Company shares last traded at $8.19 which is a tad above the 50 day moving average which is $7.12 and which is marginally over the 200 day moving average of $4.45. The 50 day moving average went up $1.07 or +15.10% whereas the 200 day moving average was up $3.74 or +83.86%. (NASDAQ:AGFS) shares saw heavy trading volume with 318K shares changing hands in the last trading session. Volume was up 45.62% over the stocks average daily volume.
Traders are a little more bullish on AgroFresh Solutions, Inc. of late if you take a look at the change in short interest. The stock realized a fall in short interest from June 15, 2017 to May 31, 2017 of -10.66%. Short interest decreased 234,990 over that period. The days to cover decreased to 10.0 and the percentage of shorted shares is 0.04% as of May 31.
There has been some buying insider activity on AgroFresh Solutions, Inc. (NASDAQ:AGFS) recently. Stephen S. Trevor, Director acquired $13,400 worth of shares at an average price of $2.68 on Thu the 15th. Trevor now owns $53,600 of stock per an SEC filing yesterday. Jordi Ferre, CEO purchased $28,669 worth of shares at an average price of $2.72 on Wed the 14th. The CEO now owns $28,669 of the stock as recorded in a recent Form 4 SEC filing.
Katherine Carolyn Harper, CFO disclosed the purchase of 10,000 shares of (AGFS). The shares were bought on November 21st for an average price of $2.56. Harper now owns $25,600 of the stock per the Form 4 SEC filing.
These firms have also modified their investment in AGFS. Price T Rowe Associates Inc /md/ added to its ownership by buying 188,500 shares an increase of 2.5% as of 03/31/2017. Price T Rowe Associates Inc /md/ currently owns 7,634,408 shares worth $33,362,000. The value of the position overall is up by 69.1%. Pentwater Capital Management Lp downsized its stake by shedding 63,811 shares a decrease of 8.2% in the quarter. Pentwater Capital Management Lp owns 710,000 shares valued at $3,103,000. The total value of its holdings increased 51.3%.
State Street Corp bolstered its holdings by buying 4,131 shares an increase of 1.5% from 12/31/2016 to 03/31/2017. State Street Corp controls 273,692 shares with a value of $1,195,000. The value of the position overall is up by 67.4%. As of quarter end Invesco Ltd. had bought a total of 86,083 shares growing its holdings by 293.7%. The value in dollars went from $78,000 to $504,000 a change of $426,000 since the last quarter.
July 12 investment analysts at Citigroup left the stock rating at “Neutral” but moved up the price target to $9.00 from $2.80. On November 10 the stock rating was downgraded from “Buy” to “Neutral” with a current price target of $2.80 in an announcement from Citigroup.
On February 12 analysts at Citigroup started covering AGFS with a rating of “Buy”.
The company is up by 0.86 percent from yesterday’s close. In the latest earnings report the EPS was $-1.99 and is estimated to be $-0.16 for the current year with 50,280,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.28 with next year’s EPS projected 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..