Insider Buying: Agrify Co. (NASDAQ:AGFY) CEO Buys 5,000 Shares of Stock

Agrify Co. (NASDAQ:AGFY) CEO Benjamin Kovler purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of $45.89 per share, with a total value of $229,450.00. Following the purchase, the chief executive officer now owns 15,000 shares in the company, valued at approximately $688,350. This trade represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Agrify Trading Down 3.8 %

AGFY opened at $45.81 on Tuesday. The stock has a market capitalization of $70.09 million, a PE ratio of -3.27 and a beta of 2.04. Agrify Co. has a one year low of $2.71 and a one year high of $54.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75. The business’s 50 day moving average price is $7.95 and its 200 day moving average price is $5.69.

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.