Argentex Group (LON:AGFX) Trading Down 11.4% – Time to Sell?

Argentex Group PLC (LON:AGFX) shares traded down 11.4% during trading on Thursday . The company traded as low as GBX 2.45 ($0.03) and last traded at GBX 2.49 ($0.03). 555,133 shares were traded during trading, a decline of 43% from the average session volume of 974,091 shares. The stock had previously closed at GBX 2.81 ($0.04).

Argentex Group Trading Down 11.4%

The firm has a market capitalization of £3.06 million, a PE ratio of 0.31 and a beta of 1.20. The company has a fifty day moving average price of GBX 13.88 and a two-hundred day moving average price of GBX 29.70.

Argentex Group (LON:AGFX) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported GBX (1.30) (($0.02)) earnings per share for the quarter. Argentex Group had a net margin of 17.07% and a return on equity of 34.38%. As a group, equities research analysts predict that Argentex Group PLC will post 1120 earnings per share for the current year.

Insider Activity at Argentex Group

In related news, insider Nigel Railton purchased 256,180 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of GBX 46 ($0.63) per share, for a total transaction of £117,842.80 ($161,009.43). Also, insider Tim Haldenby acquired 32,494 shares of Argentex Group stock in a transaction on Friday, April 4th. The shares were bought at an average cost of GBX 46 ($0.63) per share, with a total value of £14,947.24 ($20,422.52). Insiders acquired a total of 609,012 shares of company stock worth $28,334,890 in the last 90 days. 24.75% of the stock is owned by insiders.

Argentex Group Company Profile

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.