News headlines about Argan (NYSE:AGX) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Argan earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 47.751458664318 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Argan (NYSE:AGX) opened at $43.60 on Thursday. Argan has a fifty-two week low of $41.79 and a fifty-two week high of $75.05. The firm has a market cap of $684.14, a PE ratio of 8.06 and a beta of 0.86.
Argan (NYSE:AGX) last posted its earnings results on Wednesday, December 6th. The construction company reported $1.09 earnings per share for the quarter. Argan had a net margin of 9.18% and a return on equity of 26.24%.
Separately, Lake Street Capital downgraded shares of Argan from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $56.00 in a report on Thursday, December 7th.
In other news, Director John Ronald Jr. Jeffrey purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average cost of $47.60 per share, for a total transaction of $47,600.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.50% of the company’s stock.
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Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.
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