Argentex Group (LON:AGFX) Shares Down 11.4% – Here’s What Happened

Argentex Group PLC (LON:AGFX)’s stock price fell 11.4% during mid-day 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 traded hands 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’s fifty day moving average is GBX 13.88 and its 200-day moving average is GBX 29.70. The stock has a market capitalization of £3.06 million, a PE ratio of 0.31 and a beta of 1.20.

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

Insider Buying and Selling at Argentex Group

In other Argentex Group news, insider Nigel Railton purchased 256,180 shares of the business’s stock in a transaction on Friday, April 11th. The shares were bought at an average cost of GBX 46 ($0.63) per share, for a total transaction of £117,842.80 ($161,009.43). Also, insider Tim Haldenby purchased 32,494 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of GBX 46 ($0.63) per share, with a total value of £14,947.24 ($20,422.52). Insiders have purchased 609,012 shares of company stock valued at $28,334,890 in the last quarter. Corporate 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.