SG Capital Management LLC Takes $692,000 Position in Agrify Co. (NASDAQ:AGFY)

SG Capital Management LLC purchased a new stake in Agrify Co. (NASDAQ:AGFY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,866 shares of the company's stock, valued at approximately $692,000. SG Capital Management LLC owned 1.56% of Agrify at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Agrify in the fourth quarter valued at approximately $841,000. AdvisorShares Investments LLC acquired a new stake in shares of Agrify during the 4th quarter worth $321,000. Marathon Partners Equity Management LLC bought a new position in shares of Agrify in the fourth quarter worth $174,000. Finally, Rip Road Capital Partners LP acquired a new position in Agrify in the fourth quarter valued at about $1,953,000. 5.98% of the stock is owned by institutional investors.

Agrify Price Performance

Agrify stock traded down $1.07 during trading hours on Wednesday, reaching $24.31. 5,568 shares of the stock were exchanged, compared to its average volume of 244,956. The company has a current ratio of 0.75, a quick ratio of 0.10 and a debt-to-equity ratio of 0.80. Agrify Co. has a twelve month low of $2.71 and a twelve month high of $84.44. The company has a market cap of $47.45 million, a P/E ratio of -1.73 and a beta of 10.16. The stock has a 50 day moving average of $19.76 and a two-hundred day moving average of $23.82.

Agrify (NASDAQ:AGFY - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($1.68) earnings per share for the quarter. The business had revenue of $0.54 million for the quarter.

Agrify Company Profile

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.