Agrify Co. (NASDAQ:AGFY) Director Timothy Mahoney Sells 7,232 Shares

Agrify Co. (NASDAQ:AGFY - Get Free Report) Director Timothy Mahoney sold 7,232 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $23.83, for a total transaction of $172,338.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Agrify Price Performance

Shares of AGFY stock traded up $4.49 on Wednesday, hitting $30.09. 30,934 shares of the stock traded hands, compared to its average volume of 245,285. The firm has a market cap of $58.74 million, a price-to-earnings ratio of -2.15 and a beta of 10.16. Agrify Co. has a 52 week low of $2.71 and a 52 week high of $84.44. The firm has a 50 day simple moving average of $20.44 and a two-hundred day simple moving average of $24.53. 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 posted its earnings results on Friday, May 9th. The company reported ($1.68) earnings per share for the quarter. The company had revenue of $0.54 million for the quarter.

Institutional Investors Weigh In On Agrify

Several institutional investors have recently made changes to their positions in AGFY. Renaissance Technologies LLC bought a new stake in Agrify during the 4th quarter valued at about $841,000. Rip Road Capital Partners LP bought a new stake in shares of Agrify in the 4th quarter valued at about $1,953,000. SG Capital Management LLC bought a new stake in shares of Agrify in the 4th quarter valued at about $692,000. AdvisorShares Investments LLC bought a new stake in shares of Agrify in the 4th quarter valued at about $321,000. Finally, Marathon Partners Equity Management LLC bought a new stake in shares of Agrify in the 4th quarter valued at about $174,000. Institutional investors own 5.98% of the company's stock.

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.

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