Argentex Group (LON:AGFX) Shares Down 9.1% – Time to Sell?

Argentex Group PLC (LON:AGFX)’s stock price traded down 9.1% during mid-day trading on Wednesday . The company traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.50 ($0.03). 1,268,662 shares traded hands during trading, an increase of 35% from the average session volume of 938,475 shares. The stock had previously closed at GBX 2.75 ($0.04).

Argentex Group Stock Down 1.8%

The firm has a market capitalization of £2.96 million, a P/E ratio of 0.30 and a beta of 1.20. The stock has a fifty day moving average of GBX 21.73 and a 200-day moving average of GBX 31.43.

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

Insider Buying and Selling at Argentex Group

In related news, insider Nigel Railton purchased 256,180 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was purchased at an average cost of GBX 46 ($0.63) per share, for a total transaction of £117,842.80 ($160,439.48). Also, insider Tim Haldenby purchased 32,494 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was bought at an average price of GBX 46 ($0.63) per share, with a total value of £14,947.24 ($20,350.22). Insiders purchased a total of 609,012 shares of company stock worth $28,334,890 over the last ninety days. 24.75% of the stock is currently owned by corporate insiders.

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.