Argentex Group (LON:AGFX) Stock Price Down 2.5% – Time to Sell?

Argentex Group PLC (LON:AGFX)’s share price dropped 2.5% during trading on Wednesday . The stock traded as low as GBX 29.26 ($0.37) and last traded at GBX 29.26 ($0.37). Approximately 131,107 shares traded hands during trading, a decline of 67% from the average daily volume of 401,710 shares. The stock had previously closed at GBX 30 ($0.38).

Argentex Group Price Performance

The company has a 50-day moving average price of GBX 30.66 and a 200-day moving average price of GBX 32.15. The firm has a market capitalization of £35.23 million, a P/E ratio of 716.00 and a beta of 1.20. The company has a debt-to-equity ratio of 26.42, a quick ratio of 0.32 and a current ratio of 1.56.

Insider Activity

In other news, insider Nigel Railton purchased 693,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of GBX 31 ($0.39) per share, with a total value of £214,830 ($269,446.88). 24.75% of the stock is currently owned by company insiders.

Argentex Group Company Profile

Argentex Group PLC provides bespoke currency risk management and payment solutions in the United Kingdom. The company offers spot and forward contracts, structured solutions, and personalized hedging strategies FX capabilities primarily through traditional voice broking and online alternative banking services.