Argentex Group (LON:AGFX) Trading Up 2.3% – Still a Buy?

Argentex Group PLC (LON:AGFX) was up 2.3% during trading on Wednesday . The stock traded as high as GBX 2.96 ($0.04) and last traded at GBX 2.68 ($0.04). Approximately 778,358 shares changed hands during trading, a decline of 16% from the average daily volume of 930,632 shares. The stock had previously closed at GBX 2.62 ($0.03).

Argentex Group Price Performance

The firm has a fifty day moving average price of GBX 38.33 and a 200 day moving average price of GBX 35.79. The firm has a market capitalization of £3.31 million, a PE ratio of 0.33 and a beta of 1.20.

Argentex Group (LON:AGFX) last issued its earnings results on Wednesday, April 2nd. The company reported GBX (1.30) (($0.02)) earnings per share for the quarter. Argentex Group had a return on equity of 34.38% and a net margin of 17.07%. On average, sell-side analysts expect that Argentex Group PLC will post 1120 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tim Haldenby acquired 32,494 shares of the stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of GBX 46 ($0.61) per share, with a total value of £14,947.24 ($19,892.52). Also, insider Nigel Railton acquired 256,180 shares of the stock in a transaction dated Friday, April 11th. The shares were bought at an average cost of GBX 46 ($0.61) per share, for a total transaction of £117,842.80 ($156,830.98). Insiders have bought a total of 609,012 shares of company stock valued at $28,334,890 in the last three months. Insiders own 24.75% of the company’s stock.

About Argentex Group

As global payment and currency risk management specialists, we offer bespoke services alongside market leading technology for businesses and financial institutions. When choosing Argentex, you will benefit from competitive rates, tailored risk management solutions and the certainty that your organisation is in safe hands.

Argentex is listed on the London Stock Exchange, with offices in the UK, the Netherlands, Australia and the UAE.