Rip Road Capital Partners LP acquired a new stake in Agrify Co. (NASDAQ:AGFY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 67,383 shares of the company's stock, valued at approximately $1,953,000. Agrify comprises about 1.7% of Rip Road Capital Partners LP's holdings, making the stock its 18th biggest holding. Rip Road Capital Partners LP owned approximately 4.40% of Agrify as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Marathon Partners Equity Management LLC acquired a new stake in shares of Agrify in the 4th quarter valued at approximately $174,000. AdvisorShares Investments LLC acquired a new stake in shares of Agrify in the 4th quarter valued at approximately $321,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Agrify in the 4th quarter valued at approximately $841,000. Institutional investors and hedge funds own 5.98% of the company's stock.
Agrify Stock Performance
Agrify stock traded down $2.47 during mid-day trading on Monday, hitting $26.68. 10,197 shares of the company's stock traded hands, compared to its average volume of 246,217. The firm has a 50 day simple moving average of $19.36 and a two-hundred day simple moving average of $23.65. Agrify Co. has a fifty-two week low of $2.71 and a fifty-two week high of $84.44. The stock has a market cap of $52.08 million, a price-to-earnings ratio of -1.90 and a beta of 10.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10.
Agrify (NASDAQ:AGFY - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported ($1.68) earnings per share (EPS) for the quarter. The business had revenue of $0.54 million during the quarter.
Agrify Profile
(
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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