Stock On Watch: Could Argan, Inc. Gain Strenght? The Stock Reaches 52 Week Low

Stock On Watch: Could Argan, Inc. Gain Strenght? The Stock Reaches 52 Week Low

The stock of Argan, Inc. (NYSE:AGX) is a huge mover today! About 469,730 shares traded hands or 146.62% up from the average. Argan, Inc. (NYSE:AGX) has risen 87.17% since April 27, 2016 and is uptrending. It has outperformed by 81.95% the S&P500.
The move comes after 8 months negative chart setup for the $901.72 million company. It was reported on Nov, 30 by Barchart.com. We have $59.42 PT which if reached, will make NYSE:AGX worth $36.07M less.

Analysts await Argan, Inc. (NYSE:AGX) to report earnings on December, 8. They expect $0.76 earnings per share, up 5.56% or $0.04 from last year’s $0.72 per share. AGX’s profit will be $11.07M for 20.36 P/E if the $0.76 EPS becomes a reality. After $1.29 actual earnings per share reported by Argan, Inc. for the previous quarter, Wall Street now forecasts -41.09% negative EPS growth.

Argan, Inc. (NYSE:AGX) Ratings Coverage

Out of 2 analysts covering Argan (NYSE:AGX), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Argan has been the topic of 2 analyst reports since October 16, 2015 according to StockzIntelligence Inc. Wm Smith initiated the shares of AGX in a report on Friday, October 16 with “Not Rated” rating. The stock of Argan, Inc. (NYSE:AGX) earned “Buy” rating by Lake Street on Thursday, June 9.

According to Zacks Investment Research, “Argan, Inc., headquartered in Rockville, MD, through its wholly owned Southern Maryland Cable, Inc. subsidiary, provides inside premise wiring services to the federal government and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers.”

More important recent Argan, Inc. (NYSE:AGX) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 08, 2010, also Seekingalpha.com published article titled: “Argan Inc. Is A Red Hot Growth Story”, Businesswire.com published: “Argan, Inc. Completes Acquisition of The Roberts Company” on December 04, 2015. More interesting news about Argan, Inc. (NYSE:AGX) was released by: Quotes.Wsj.com and their article: “News Argan Inc.AGX” with publication date: February 11, 2011.

AGX Company Profile

Argan, Inc., incorporated on May 15, 1961, is a holding company. The Firm conducts activities through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc. (SMC) and The Roberts Company (Roberts or TRC). The Company’s divisions include power industry services, industrial fabrication and field services, and telecommunications infrastructure services. Through GPS, the Company provides a range of engineering, procurement, construction, commissioning, activities management, maintenance, development and consulting services to the power generation and renewable energy markets for a range of customers, including independent power project owners, public utilities, municipalities, public institutions and private industry. Through APC, the Company provides construction and technical services for power generation, gas and oil, industrial and process industry customers. Through SMC, the Company provides telecommunications infrastructure services, including project management, construction and maintenance to commercial, federal Government and local Government customers. Through TRC, the Company provides fully integrated fabrication, construction and plant services designed to work with heavy and light industrial customers.

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