November 23, 2016 - By Vivian Park · 0 Comments
The stock of Argan Incorporated (NYSE:AGX) registered an increase of 13.05% in short interest. AGX’s total short interest was 328,400 shares in November as published by FINRA. Its up 13.05% from 290,500 shares, reported previously. With 160,100 shares average volume, it will take short sellers 2 days to cover their AGX’s short positions. The short interest to Argan Incorporated’s float is 2.61%. About 143,815 shares traded hands. Argan, Inc. (NYSE:AGX) has risen 87.07% since April 21, 2016 and is uptrending. It has outperformed by 81.74% the S&P500.
Argan, Inc. is a holding company. The Company conducts activities through its subsidiaries, Gemma Power Systems, LLC and affiliates , Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc. (SMC) and The Roberts Company (Roberts). The company has a market cap of $967.32 million. Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, activities management, maintenance, development, technical and consulting services to the power generation and renewable energy markets. It has a 19.68 P/E ratio. Through SMC, the telecommunications infrastructure services segment of the Company provides project management, construction, installation and maintenance services to commercial, local government and federal government customers.
Out of 2 analysts covering Argan (NYSE:AGX), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Argan has been the topic of 2 analyst reports since October 16, 2015 according to StockzIntelligence Inc. The stock of Argan, Inc. (NYSE:AGX) has “Not Rated” rating given on Friday, October 16 by Wm Smith. Lake Street initiated the shares of AGX in a report on Thursday, June 9 with “Buy” rating.
Argan, Inc., incorporated on May 15, 1961, is a holding company. The Firm conducts activities 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 or TRC). The Company’s divisions include power industry services, industrial fabrication and field services, and telecommunications infrastructure services. Through GPS, the Company provides a range of engineering, procurement, construction, commissioning, activities management, maintenance, development and consulting services to the power generation and renewable energy markets for a range of customers, including independent power project owners, public utilities, municipalities, public institutions and private industry. Through APC, the Company provides construction and technical services for power generation, gas and oil, industrial and process industry customers. Through SMC, the Company provides telecommunications infrastructure services, including project management, construction and maintenance to commercial, federal Government and local Government customers. Through TRC, the Company provides fully integrated fabrication, construction and plant services designed to work with heavy and light industrial customers.
More notable recent Argan, Inc. (NYSE:AGX) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 08, 2010, also Businesswire.com with their article: “Argan, Inc. Completes Acquisition of The Roberts Company” published on December 04, 2015, Seekingalpha.com published: “Argan Inc. Is A Red Hot Growth Story” on June 10, 2016. More interesting news about Argan, Inc. (NYSE:AGX) were released by: Quotes.Wsj.com and their article: “News Argan Inc.AGX” published on February 11, 2011 as well as Businesswire.com‘s news article titled: “Argan, Inc. Appoints David Watson as Chief Financial Officer” with publication date: October 13, 2015.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park