Argan, Inc. (AGX) Stock Is At 52-Week Low Now

June 17, 2018 - By Henry Gaston

The stock of Argan, Inc. (NYSE:AGX) hit a new 52-week low and has $32.52 target or 8.00 % below today’s $35.35 share price. The 8 months bearish chart indicates high risk for the $550.35 million company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $32.52 price target is reached, the company will be worth $44.03 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.53% or $0.55 during the last trading session, reaching $35.35. About 289,797 shares traded or 17.20% up from the average. Argan, Inc. (NYSE:AGX) has declined 35.92% since June 17, 2017 and is downtrending. It has underperformed by 48.49% the S&P500.

Another recent and important Argan, Inc. (NYSE:AGX) news was published by Businesswire.com which published an article titled: “Argan, Inc. Reports First Quarter Results” on June 11, 2018.

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 $550.35 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 9.92 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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