Argan Director James Quinn Sells 10,000 Shares (AGX)
Argan (NYSE:AGX) Director James Quinn sold 10,000 shares of the stock on the open market in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $27.19, for a total value of $271,900.00. Following the completion of the transaction, the director now directly owns 89,570 shares of the company’s stock, valued at approximately $2,435,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Argan (NYSE:AGX) traded up 0.94% during mid-day trading on Tuesday, hitting $28.03. 85,186 shares of the company’s stock traded hands. Argan has a 1-year low of $13.90 and a 1-year high of $27.78. The stock’s 50-day moving average is $25.00 and its 200-day moving average is $20.41. The company has a market cap of $397.9 million and a P/E ratio of 10.60.
Argan (NYSE:AGX) last announced its earnings results on Monday, December 9th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.12. The company had revenue of $63.50 million for the quarter, compared to the consensus estimate of $35.91 million. 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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