Why Argan Stock Is Plummeting Today
(NYSE: AGX) stock is falling rapidly in Friday's trading. The company's share price was down 13% as of 1:30 p.m. ET, and had been down as much as 17.1% earlier in the daily session.
After the market closed yesterday, Argan published results for the second quarter of its current fiscal year -- a period ended July 31. While the energy and industrials company reported earnings that beat Wall Street's target, it also posted sales that fell significantly short of expectations.
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Source Fool.com
Argan Inc. Stock
€300.00
4.900%
Currently there is a rather positive sentiment for Argan Inc. with 3 Buy predictions and 0 Sell predictions.
However, we have a potential of -6.67% for Argan Inc. as the target price of 280 € is below the current price of 300.0 €.
