Argan, Inc. (AGX)’s Trend Down, Especially After Today’s Weak Session

December 7, 2017 - By reb123z

The stock of Argan, Inc. (NYSE:AGX) is a huge mover today! The stock decreased 23.22% or $13.35 during the last trading session, reaching $44.15. About 2.38M shares traded or 1513.95% up from the average. Argan, Inc. (NYSE:AGX) has risen 101.20% since December 7, 2016 and is uptrending. It has outperformed by 84.50% the S&P500.
The move comes after 7 months negative chart setup for the $686.48 million company. It was reported on Dec, 7 by Barchart.com. We have $41.94 PT which if reached, will make NYSE:AGX worth $34.32 million less.

Argan, Inc. (NYSE:AGX) Ratings Coverage

Among 3 analysts covering Argan (NYSE:AGX), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Argan had 4 analyst reports since October 16, 2015 according to SRatingsIntel. Lake Street initiated Argan, Inc. (NYSE:AGX) rating on Thursday, June 9. Lake Street has “Buy” rating and $56 target. Wm Smith initiated the stock with “Not Rated” rating in Friday, October 16 report. The stock of Argan, Inc. (NYSE:AGX) has “Hold” rating given on Thursday, December 7 by Lake Street. Avondale downgraded the shares of AGX in report on Thursday, December 8 to “Mkt Perform” rating.

Another recent and important Argan, Inc. (NYSE:AGX) news was published by Businesswire.com which published an article titled: “Argan, Inc. Reports Third Quarter Results” on December 06, 2017.

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, activities management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company has market cap of $686.48 million. The companyÂ’s Power Industry Services segment offers engineering, procurement, and construction contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, start-up, and operation services for approximately 76 facilities with approximately 14,500 megawatts of power-generating capacity. It has a 8.13 P/E ratio. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and global energy plant construction firms.

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