Today’s Stock On Watch: AgroFresh Solutions Inc’s Trend Down, Especially After Today’s Weak Session

Today's Stock On Watch: AgroFresh Solutions Inc's Trend Down, Especially After Today's Weak Session

The stock of AgroFresh Solutions Inc (NASDAQ:AGFS) is a huge mover today! About 1.99M shares traded hands or 4270.07% up from the average. AgroFresh Solutions Inc (NASDAQ:AGFS) has declined 23.58% since April 7, 2016 and is downtrending. It has underperformed by 28.36% the S&P500.
The move comes after 9 months negative chart setup for the $115.51 million company. It was reported on Nov, 9 by Barchart.com. We have $2.20 PT which if reached, will make NASDAQ:AGFS worth $15.02M less.

Analysts await AgroFresh Solutions Inc (NASDAQ:AGFS) to report earnings on November, 21. They expect $0.43 EPS, up 22.86% or $0.08 from last year’s $0.35 per share. AGFS’s profit will be $19.63 million for 1.47 P/E if the $0.43 EPS becomes a reality. After $-0.51 actual EPS reported by AgroFresh Solutions Inc for the previous quarter, Wall Street now forecasts -184.31% EPS growth.

According to Zacks Investment Research, “AgroFresh Solutions, Inc. is engaged in providing data driven specialty chemical solutions. Its flagship product is the SmartFresh(TM) Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. AgroFresh Solutions, Inc., formerly known as Boulevard Acquisition Corp., is headquartered in Collegeville, Pennsylvania.”

More notable recent AgroFresh Solutions Inc (NASDAQ:AGFS) news were published by: Marketwatch.com which released: “AgroFresh’s stock plunges 34% to record low to lead Nasdaq losers” on August 04, 2015, also Prnewswire.com with their article: “AgroFresh Solutions Announces Q3 2016 Results Conference Call” published on October 26, 2016, Fool.com published: “AgroFresh Solutions Inc.’s Stress-Free Quarter” on August 11, 2016. More interesting news about AgroFresh Solutions Inc (NASDAQ:AGFS) were released by: Fool.com and their article: “AgroFresh Solutions Inc. Earnings Will Still Rely on Weather” published on May 16, 2016 as well as Prnewswire.com‘s news article titled: “AgroFresh Solutions Reports Second Quarter and First Half 2016 Results” with publication date: August 09, 2016.

AGFS Company Profile

AgroFresh Solutions, Inc., formerly Boulevard Acquisition Corp., incorporated 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 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. 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 clients with on-site applications of SmartFresh at their storage facilities combined with advisory services.

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