Argan Inc (NYSE:AGX)’s Stock Is Sell After More Market Selling

April 17, 2018 - By Kenneth Lin

The stock of Argan Inc (NYSE:AGX) registered an increase of 5.45% in short interest. AGX’s total short interest was 555,100 shares in April as published by FINRA. Its up 5.45% from 526,400 shares, reported previously. With 197,500 shares average volume, it will take short sellers 3 days to cover their AGX’s short positions. The short interest to Argan Inc’s float is 4.41%.

The stock increased 1.72% or $0.65 during the last trading session, reaching $38.45. About 157,094 shares traded. Argan, Inc. (NYSE:AGX) has declined 40.73% since April 17, 2017 and is downtrending. It has underperformed by 52.28% the S&P500.

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 $598.58 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 7.15 P/E ratio. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and global energy plant construction firms.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: