Agrify Co. (NASDAQ:AGFY) Stock Position Reduced by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its stake in shares of Agrify Co. (NASDAQ:AGFY) by 89.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,053 shares of the company’s stock after selling 9,239 shares during the period. Tower Research Capital LLC TRC’s holdings in Agrify were worth $31,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC purchased a new position in shares of Agrify during the 4th quarter valued at $841,000. 5.98% of the stock is owned by hedge funds and other institutional investors.

Agrify Trading Down 6.6%

Shares of NASDAQ AGFY opened at $27.02 on Friday. The stock has a market cap of $52.74 million, a price-to-earnings ratio of -1.93 and a beta of 10.16. The business has a 50 day simple moving average of $19.07 and a 200 day simple moving average of $23.18. Agrify Co. has a 52 week low of $2.71 and a 52 week high of $84.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75.

Agrify (NASDAQ:AGFY) last posted its earnings results on Friday, May 9th. The company reported ($1.68) EPS 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.