Argentex Group (LON:AGFX) Stock Price Up 2.3% – Here’s Why

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

Argentex Group Trading Up 1.5%

The firm has a market capitalization of £3.07 million, a price-to-earnings ratio of 0.31 and a beta of 1.20. The company has a fifty day moving average price of GBX 36.90 and a two-hundred day moving average price of GBX 35.37.

Argentex Group (LON:AGFX) last released its quarterly 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 research analysts expect that Argentex Group PLC will post 1120 earnings per share for the current year.

Insider Activity

In other news, insider Tim Haldenby bought 32,494 shares of the business’s stock in a transaction on Friday, April 4th. The shares were bought at an average price of GBX 46 ($0.61) per share, with a total value of £14,947.24 ($19,892.52). Also, insider James Ormonde acquired 320,338 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of GBX 47 ($0.63) per share, for a total transaction of £150,558.86 ($200,371.12). In the last 90 days, insiders have bought 609,012 shares of company stock valued at $28,334,890. 24.75% of the stock is currently owned by company 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.