Alert: Negative Investment/Fundamental Signals (6/11/19)-Argan Inc (NYSE: AGX)


Extremely important negative changes in investment behavior have recently occurred for Argan Inc (NYSE: AGX): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.

Recent small negative changes in fundamentals have affected Argan Inc (NYSE: AGX): significant quarterly sales deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, AGX is expected to continue to be a major Value Builder.

Argan has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Argan has a good Power Rating of 70 and a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.

Recent Price Action

Argan Inc (NYSE: AGX) stock suffered a very large decline of -5.7% on 6/11/19. The shares closed at $41.31. Moreover, trading volume in this decline was exceptionally high at 336% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.9% during the last week.

About John Lafferty 47332 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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