Is Argan, Inc. (AGX) a Sell? The Stock Declines Again

The stock of Argan, Inc. (NYSE:AGX) is a huge mover today! The stock decreased 2.10% or $0.75 during the last trading session, reaching $34.94. About 134,143 shares traded or 14.13% up from the average. Argan, Inc. (NYSE:AGX) has risen 7.02% since December 4, 2018 and is uptrending. It has outperformed by 7.02% the S&P500.
The move comes after 7 months negative chart setup for the $546.23M company. It was reported on Dec, 4 by Barchart.com. We have $33.89 PT which if reached, will make NYSE:AGX worth $16.39M less.

More notable recent Argan, Inc. (NYSE:AGX) news were published by: Businesswire.com which released: “Argan, Inc. Reports First Quarter Results – Business Wire” on June 10, 2019, also Investorplace.com with their article: “The 10 Biggest Winners From Second-Quarter Earnings – Investorplace.com” published on August 26, 2019, Businesswire.com published: “Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share – Business Wire” on September 11, 2019. More interesting news about Argan, Inc. (NYSE:AGX) were released by: Seekingalpha.com and their article: “Undervalued And Growing: Argan, Inc. – Seeking Alpha” published on July 27, 2017 as well as Businesswire.com‘s news article titled: “Argan, Inc. Reports Year-End and Fourth Quarter Results – Business Wire” with publication date: April 10, 2019.

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 $546.23 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 345.94 P/E ratio. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and global energy plant construction firms.