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AgroFresh Solutions (NASDAQ:AGFSGet Rating) issued its earnings results on Wednesday. The basic materials company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04, MarketWatch Earnings reports. AgroFresh Solutions had a negative return on equity of 8.58% and a negative net margin of 7.09%. During the same period last year, the business posted ($0.25) earnings per share.

AGFS stock traded down $0.02 during mid-day trading on Friday, reaching $1.61. 22,761 shares of the company traded hands, compared to its average volume of 39,247. The company has a debt-to-equity ratio of 1.10, a current ratio of 3.12 and a quick ratio of 2.72. AgroFresh Solutions has a fifty-two week low of $1.56 and a fifty-two week high of $2.52. The firm’s 50 day moving average price is $1.89 and its 200 day moving average price is $1.95.

A hedge fund recently raised its stake in AgroFresh Solutions stock. American Century Companies Inc. raised its stake in shares of AgroFresh Solutions, Inc. (NASDAQ:AGFSGet Rating) by 30.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 98,086 shares of the basic materials company’s stock after purchasing an additional 22,825 shares during the period. American Century Companies Inc. owned approximately 0.19% of AgroFresh Solutions worth $186,000 as of its most recent SEC filing. 74.15% of the stock is owned by hedge funds and other institutional investors.

Separately, StockNews.com started coverage on AgroFresh Solutions in a research report on Friday. They issued a “hold” rating for the company.

About AgroFresh Solutions (Get Rating)

AgroFresh Solutions, Inc provides science-based solutions, data-driven technologies, and high-touch customer services. The company’s flagship product is the SmartFresh system that regulates the post-harvest ripening effects of ethylene to preserve the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display.

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