Agrify (NASDAQ:AGFY) Trading Up 2%

Agrify Co. (NASDAQ:AGFY) was up 2% on Monday . The stock traded as high as $0.38 and last traded at $0.36. Approximately 205,294 shares were traded during trading, a decline of 96% from the average daily volume of 4,611,849 shares. The stock had previously closed at $0.35.

Agrify Stock Performance

The firm has a fifty day moving average price of $0.32 and a two-hundred day moving average price of $0.54. The stock has a market capitalization of $5.12 million, a P/E ratio of -0.07 and a beta of 2.04.

Agrify (NASDAQ:AGFY) last announced its earnings results on Monday, April 15th. The company reported $0.35 EPS for the quarter. The company had revenue of $2.86 million during the quarter.

Hedge Funds Weigh In On Agrify

An institutional investor recently raised its position in Agrify stock. AXS Investments LLC increased its stake in Agrify Co. (NASDAQ:AGFY) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,016 shares of the company’s stock after purchasing an additional 15,356 shares during the quarter. AXS Investments LLC owned approximately 2.82% of Agrify worth $58,000 at the end of the most recent quarter. 5.98% of the stock is owned by institutional investors and hedge funds.

About Agrify

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.