Argentex Group (LON:AGFX) Stock Price Down 12.2% – Here’s What Happened

Shares of Argentex Group PLC (LON:AGFX) traded down 12.2% on Monday . The company traded as low as GBX 38.44 ($0.48) and last traded at GBX 38.44 ($0.48). 186,580 shares were traded during trading, a decline of 89% from the average session volume of 1,756,942 shares. The stock had previously closed at GBX 43.80 ($0.55).

Argentex Group Stock Down 12.2 %

The firm’s 50-day moving average price is GBX 31.75 and its two-hundred day moving average price is GBX 32.68. The company has a debt-to-equity ratio of 26.42, a quick ratio of 0.32 and a current ratio of 1.56. The firm has a market cap of £46.29 million, a PE ratio of 716.00 and a beta of 1.20.

Insider Activity at Argentex Group

In other news, insider Nigel Railton acquired 693,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of GBX 31 ($0.39) per share, with a total value of £214,830 ($267,734.30). 24.75% of the stock is owned by corporate 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.