A Director at Argan Inc (NYSE: AGX) is Buying Shares

By Carrie Williams

Today, a Director at Argan Inc (NYSE: AGX), Cynthia Flanders, bought shares of AGX for $80.64K.

This recent transaction increases Cynthia Flanders’ holding in the company by 25% to a total of $681.8K. This is Flanders’ first Buy trade following 3 Sell transactions.

Based on Argan Inc’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $233 million and quarterly net profit of $17.23 million. In comparison, last year the company earned revenue of $175 million and had a net profit of $18.07 million. The company has a one-year high of $76.70 and a one-year low of $41.79. AGX’s market cap is $706.7M and the company has a P/E ratio of 8.40.

The insider sentiment on Argan Inc has been positive according to 22 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Argan, Inc. provides consulting, engineering, procurement, construction, commissioning, operations and maintenance services to the power generation and renewable energy. It operates through the following segments: Power, Telecom, Industrial, and Others. The company was founded in May 1961 and is headquartered in Rockville, MD.