Insider Selling: Argan CFO Sells 10,000 Shares of Stock (AGX)
Argan (NYSE:AGX) CFO Arthur Trudel sold 10,000 shares of Argan stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $19.10, for a total value of $191,000.00. Following the sale, the chief financial officer now directly owns 10,000 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Avondale Partners initiated coverage on shares of Argan (NYSE:AGX) in a research note to investors on Friday, July 19th. They set an “outperform” rating on the stock.
Shares of Argan (NYSE:AGX) traded up 6.87% during mid-day trading on Monday, hitting $21.17. The stock had a trading volume of 141,645 shares. Argan has a 52-week low of $13.90 and a 52-week high of $21.90. The stock has a 50-day moving average of $17.20 and a 200-day moving average of $16.46. The company has a market cap of $296.7 million and a P/E ratio of 8.86.
Argan (NYSE:AGX) last released its earnings data on Thursday, September 5th. The company reported $0.89 earnings per share for the quarter. Analysts expect that Argan will post $2.17 EPS for the current fiscal year.
Argan, Inc (NYSE:AGX) conducts operations through its wholly owned subsidiaries, Gemma Power Systems, LLC and affiliates (GPS) and Southern Maryland Cable, Inc (SMC).
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