Agrify Corporation (NASDAQ:AGFY - Get Free Report) rose 0.4% on Monday . The stock traded as high as $37.49 and last traded at $36.67. Approximately 3,280 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 31,467 shares. The stock had previously closed at $36.51.
Agrify Stock Performance
The firm has a market cap of $73.45 million, a P/E ratio of -2.62 and a beta of 9.96. The company has a current ratio of 2.64, a quick ratio of 2.52 and a debt-to-equity ratio of 1.43. The company's 50-day moving average is $33.43 and its two-hundred day moving average is $25.96.
Agrify (NASDAQ:AGFY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported ($3.66) earnings per share for the quarter. Agrify had a negative net margin of 424.11% and a negative return on equity of 185.90%. The business had revenue of $2.04 million during the quarter.
Institutional Investors Weigh In On Agrify
A hedge fund recently raised its stake in Agrify stock. Rip Road Capital Partners LP raised its position in Agrify Corporation (NASDAQ:AGFY - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,911 shares of the company's stock after buying an additional 10,528 shares during the period. Agrify accounts for 1.5% of Rip Road Capital Partners LP's investment portfolio, making the stock its 19th biggest holding. Rip Road Capital Partners LP owned 3.99% of Agrify worth $1,367,000 at the end of the most recent quarter. Institutional investors own 5.98% of the company's stock.
About Agrify
(
Get Free Report)
Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.
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