Shares of Agrify Corporation (NASDAQ:AGFY – Get Free Report) dropped 9% during mid-day trading on Tuesday. The company traded as low as $19.03 and last traded at $19.21. 17,632 shares changed hands during trading, a decline of 45% from the average daily volume of 31,892 shares. The stock had previously closed at $21.10.
Agrify Price Performance
The business has a fifty day moving average of $22.00 and a 200-day moving average of $24.07. 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 firm has a market cap of $36.41 million, a PE ratio of -0.80 and a beta of 9.96.
Agrify Company Profile
Agrify Corporation is a cannabis technology company focused on controlled-environment cultivation and extraction solutions. Its business has centered on helping cannabis producers improve cultivation efficiency, consistency and traceability through integrated hardware, software and operational services.
The company’s product portfolio has included the Agrify Vertical Farming Unit, a modular indoor cultivation system designed to provide environmental control at the plant level. Agrify has also offered Agrify Insights, a software platform intended to monitor cultivation data and support facility management, as well as cultivation planning, facility design and other services through its total turn-key solution.
Agrify has also marketed cannabis and hemp extraction equipment through its Precision Extraction business.
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