AgroFresh Solutions Inc. (AGFS) had a good day on the market for Friday September 27 as shares jumped 16.44% to close at $2.62. About 182,622 shares traded hands on 1,001 trades for the day, compared with an average daily volume of n/a shares out of a total float of 51.44 million. After opening the trading day at $2.26, shares of AgroFresh Solutions Inc. stayed within a range of $2.65 to $2.23.
With today’s gains, AgroFresh Solutions Inc. now has a market cap of $134.78 million. Shares of AgroFresh Solutions Inc. have been trading within a range of $6.62 and $1.33 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
AgroFresh Solutions Inc creates agricultural technologies that preserve the quality and value of fresh produce and flowers. One such product is SmartFresh, which blocks the effects of ethylene and delays ripening while leaving no visible residue. Other technologies at AgroFresh include additional ethylene blocking tools for pre-harvest fruits, bananas, and flowers and a plant growth regulator to use when transplanting seedlings. Geographically, the company operates in North America, South America, EMEA, and Asia-Pacific. The majority of sales are recognized in the North America region.
AgroFresh Solutions Inc. is based out of Philadelphia, PA and has some 285 employees. Its CEO is Jordi Ferre.
AgroFresh Solutions Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.