Dropping The 52 Week Low, Argan, Inc. (NYSE:AGX) Finishing At $35.90

AGX daily update
AGX daily update

Argan, Inc. (NYSE:AGX)

June 14th, 2018

Argan, Inc. finished Thursday’s trading session down 0.83%, a $0.30 decrease to close on $35.90. In addition to the drop in value, Argan, Inc. hit a new 52 week low of $35.30, breaking the previous low of $35.50 from earlier this month.

AGX was outperformed by the rest of the Industrials sector which went down just 0.40%.

Analysis results from 3 analysts suggest that Argan, Inc. could go up significantly (34%), while Finbox has calculated (with high uncertainty) a fair value price of $52.33.

Argan, Inc. Info

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical, and consulting services to the power generation and renewable energy markets. The company’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, project management, start-up, and operation services for 44 projects with approximately 15,000 megawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and global energy plant construction firms. Its Industrial Fabrication and Field Services segment provides industrial steel fabrication and field services to light and heavy industrial organizations that comprise forest products, power, large fertilizer, and mining and petrochemical companies in southern region of the United States. The company’s Telecommunications Infrastructure Services segment offers outside plant cabling services, including trench-less directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also offers inside premises wiring services consisting of structuring, cabling, terminations, and connectivity that provide the physical transport for high speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, other commercial customers, and federal government facilities, including cleared facilities in the mid-Atlantic region. Argan, Inc. was founded in 1961 and is headquartered in Rockville, Maryland.

All amounts in USD unless otherwise indicated

AGX daily update
AGX daily update

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