Company shares are trading at $6.39 marginally under the 50 day moving average of $7.00 and which is slightly below the 200 day moving average of $6.99. The 50 day moving average was down by -8.69% whereas the 200 day moving average was down $-0.60 or -8.56%. (NASDAQ:AGFS) shares saw light trading volume with 209K shares changing hands on Tuesday. Volume was down 4.26% under the stocks average daily volume.
Short traders are more bearish on shares of the company of late if you take a look at the uptick in short interest. The stock realized a rise in short interest of 1.90% as of September 29, 2017 from the last reporting period. Short interest increased 26,359 over that timeframe. The days to cover increased to 18.0 and the short interest percentage is 0.03% as of September 29.
A few notable investment firms have updated their holdings. As of quarter end Pentwater Capital Management Lp had sold a total of 74,311 shares trimming its stake by 10.5%. The value of the total investment in AgroFresh Solutions, Inc. went from $3,103,000 to $4,564,000 a change of $1,461,000 for the reporting period. Tower Research Capital LLC (trc) divested its investment by selling 2,784 shares a decrease of 30.8% in the quarter. Tower Research Capital LLC (trc) controls 6,247 shares worth $45,000. The value of the position overall is up by 87.5%.
Ubs Group Ag bolstered its ownership by buying 15 shares an increase of 2.6% as of 06/30/2017. Ubs Group Ag now holds 601 shares with a value of $4,000. The total value of its holdings increased 33.3%. As of the end of the quarter Acadian Asset Management LLC had acquired 179,415 shares growing its holdings by 143.4%. The value of the investment in AgroFresh Solutions, Inc. increased from $900,000 to $2,141,000 a change of 137.9% since the last quarter.
On July 12 Citigroup made no change to the stock rating of “Neutral” but moved up the price target to $9.00 from $2.80. August 14 investment analysts at Citigroup left the stock rating at “Neutral” but lowered the price expectation from $9.00 to $8.00.
As of the last earnings report the EPS was $-1.43 and is projected to be $0.11 for the current year with 50,337,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.06 and the next full year EPS is 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..