#apro $AT The company provides catering services and has gone through a tough time since its public offering in June 2017. The stock dropped by 88%, while the company struggled to maintain a high number of subscribers in an already crowded meal kit market.
The stock closed yesterday at $1.50, and the company's market capitalization is now $279 million, not long ago the stock traded below $1. In late December, trading fell below 65 cents.
Since that low point, the stock price has doubled, thanks to a 45% increase on January 15, after the company reaffirmed its guidance for the last financial quarter. The company stated that it plans to reaffirm confidence in its ability to generate returns during the first financial quarter of 2019 and for the entire year.
To help itself, the company signed several partnerships last month, starting a collaboration with WW, formerly known as Weight Watchers, to offer healthy meal recipes to its customers. The company also formed a partnership with Jet.com, owned by Walmart, to deliver food to various areas of New York.
The stock closed yesterday at $1.50, and the company's market capitalization is now $279 million, not long ago the stock traded below $1. In late December, trading fell below 65 cents.
Since that low point, the stock price has doubled, thanks to a 45% increase on January 15, after the company reaffirmed its guidance for the last financial quarter. The company stated that it plans to reaffirm confidence in its ability to generate returns during the first financial quarter of 2019 and for the entire year.
To help itself, the company signed several partnerships last month, starting a collaboration with WW, formerly known as Weight Watchers, to offer healthy meal recipes to its customers. The company also formed a partnership with Jet.com, owned by Walmart, to deliver food to various areas of New York.