Agrify Corporation (NASDAQ:AGFY – Get Free Report) shares shot up 1.9% during mid-day trading on Wednesday. The company traded as high as $16.89 and last traded at $16.50. 35,030 shares traded hands during trading, an increase of 10% from the average session volume of 31,892 shares. The stock had previously closed at $16.20.
Agrify Price Performance
The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.52 and a current ratio of 2.64. The business’s fifty day simple moving average is $20.14 and its 200 day simple moving average is $21.81. The stock has a market cap of $32.55 million, a price-to-earnings ratio of -0.72 and a beta of 9.96.
About Agrify
Agrify Corporation is a controlled-environment agriculture technology company that develops products and services for indoor cultivation, with a particular focus on the cannabis industry. Its solutions are designed to help commercial growers manage plant production in controlled indoor environments.
The company’s product portfolio has included modular Agrify Vertical Farming Units, which are intended to support multi-level cultivation, along with LED lighting, environmental-control equipment and other cultivation hardware.
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