The stock of AgroFresh Solutions Inc (NASDAQ:AGFS) hit a new 52-week low and has $2.45 target or 14.00% below today’s $2.85 share price. The 8 months bearish chart indicates high risk for the $137.17M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $2.45 price target is reached, the company will be worth $19.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 831,035 shares traded hands or 1724.97% 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.
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 $20.70 million for 1.66 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: Prnewswire.com which released: “AgroFresh Solutions Announces Q3 2016 Results Conference Call” on October 26, 2016, also Fool.com with their article: “AgroFresh Solutions Inc.’s Stress-Free Quarter” published on August 11, 2016, Fool.com published: “AgroFresh Solutions Inc. Earnings Will Still Rely on Weather” on May 16, 2016. More interesting news about AgroFresh Solutions Inc (NASDAQ:AGFS) were released by: Prnewswire.com and their article: “AgroFresh Solutions Reports Second Quarter and First Half 2016 Results” published on August 09, 2016 as well as Fool.com‘s news article titled: “AgroFresh Solutions Inc. Reports Third-Quarter Earnings” with publication date: November 17, 2015.
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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