AgroFresh Solutions Inc (NASDAQ:AGFS) Stock In Focus After Recent Development

Produce freshness solutions providing company AgroFresh Solutions Inc (NASDAQ:AGFS) is one of the leaders in its industry but over the course of the past week, the company’s stock has not performed well.

Market Stats

On Thursday, AGFS stock went down 1.11% at $1.78 with more than 39k shares, compared to its average volume of 52k shares. The stock has moved within a range of $1.7634 – 1.8337 after opening trading at $1.80.

Announces Implementation of FreshCloud™ Quality Inspection by Starr Ranch Growers to Fight Food Waste

In the past week, the stock has suffered from a sharp selloff and has declined by as much as 7% during the period. As a matter of fact, the company was in the news yesterday after it announced that its AgroFresh’sFreshCloud™ Quality Inspection is going to be deployed by Starr Ranch Growers for integrating its quality inspection efforts digitally.

It was a significant announcement from the company considering the fact that Starr Ranch Growers is one of the major players in shipping, packing and growing space. The company is based out of Washington. The AgroFresh’sFreshCloud™ Quality solution deploys data aggregation, artificial intelligence and machine learning for the purpose of effectively taking care of problems like food wastage.

It helps in reducing food wastage and in addition to that, helps in gleaming important information with regards to the supply chain from the digital platform known as FreshCloud. Despite the decline in the AgroFresh stock in the past week, it might be a good move to keep an eye on it.

Traders Corner

AGFS stock is trading below the 20-Day and 50-Day Moving averages of $1.92 and $2.06 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.11. The stock is down 13% in the past month.