The stock of AgroFresh Solutions Inc (NASDAQ:AGFS) is a huge mover today! About 977,894 shares traded hands or 348.08% up from the average. AgroFresh Solutions Inc (NASDAQ:AGFS) has declined 63.08% since April 13, 2016 and is downtrending. It has underperformed by 67.00% the S&P500.
The move comes after 5 months negative chart setup for the $105.27 million company. It was reported on Nov, 15 by Barchart.com. We have $1.93 PT which if reached, will make NASDAQ:AGFS worth $11.58M less.
Analysts await AgroFresh Solutions Inc (NASDAQ:AGFS) to report earnings on November, 21. They expect $0.43 earnings per share, up 22.86% or $0.08 from last year’s $0.35 per share. AGFS’s profit will be $20.86M for 1.26 P/E if the $0.43 EPS becomes a reality. After $-0.51 actual earnings per share 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: Fool.com which released: “Why AgroFresh Solutions, Inc. Stock Fell Nearly 50% on Q3 Results” on November 10, 2016, also Marketwatch.com with their article: “AgroFresh downgraded to neutral from buy at Citigroup” published on August 04, 2015, 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: Prnewswire.com and their article: “AgroFresh Solutions Announces Q3 2016 Results Conference Call” published on October 26, 2016 as well as Fool.com‘s news article titled: “AgroFresh Solutions Inc. Earnings Will Still Rely on Weather” with publication date: May 16, 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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