Argentex Group (LON:AGFX) Shares Down 12.2% – What’s Next?

Argentex Group PLC (LON:AGFX) shares 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 changed hands 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 ($0.54).

Argentex Group Price Performance

The stock has a market cap of £47.85 million, a P/E ratio of 716.00 and a beta of 1.20. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 26.42. The company’s fifty day simple moving average is GBX 31.91 and its 200-day simple moving average is GBX 32.73.

Insider Buying and Selling

In other news, insider Nigel Railton acquired 693,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of GBX 31 ($0.39) per share, with a total value of £214,830 ($267,301.23). Company 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.