Agrify Corporation (NASDAQ:AGFY – Get Free Report)’s share price shot up 1.9% on Wednesday. The stock traded as high as $16.89 and last traded at $16.50. Approximately 35,030 shares were traded during mid-day 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 50 day simple moving average of $20.40 and a 200-day simple moving average of $21.84. The stock has a market cap of $33.05 million, a price-to-earnings ratio of -0.73 and a beta of 9.96. The company has a quick ratio of 2.52, a current ratio of 2.64 and a debt-to-equity ratio of 1.43.
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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