Why Argan Stock Plummeted by 12% Today
Industrial construction specialist (NYSE: AGX) didn't finish the trading week on a high note. On Friday, investors assertively sold out of the stock following the release of an earnings report that many found dispiriting. The company's share price fell by 12% that trading session.
In Argan's third quarter, the company reported revenue of nearly $251.2 million, a 2% decrease year-over-year. Net income according to generally accepted accounting principles (GAAP) went the other way, rising by nearly 10% to $30.7 million, or $2.17 per share.
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Source Fool.com
Argan Inc. Stock
€268.00
-1.470%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Argan Inc. stock is not clear.
As a result the target price of 280 € shows a slightly positive potential of 4.48% compared to the current price of 268.0 € for Argan Inc..
