Argan CFO Sells $305,100 in Stock (AGX)
Argan (NYSE:AGX) CFO Arthur F. Trudel sold 10,000 shares of the stock on the open market in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.51, for a total value of $305,100.00. Following the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $305,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Argan (NYSE:AGX) traded down 2.11% during mid-day trading on Thursday, hitting $29.955. 152,058 shares of the company’s stock traded hands. Argan has a 52-week low of $13.90 and a 52-week high of $30.81. The stock’s 50-day moving average is $26.53 and its 200-day moving average is $21.09. The company has a market cap of $425.3 million and a P/E ratio of 11.68.
Argan (NYSE:AGX) last issued its quarterly earnings data on Monday, December 9th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ 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 $2.88 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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