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

Shares of Argentex Group PLC (LON:AGFX) were down 12.2% on Monday . The stock traded as low as GBX 38.44 ($0.48) and last traded at GBX 38.44 ($0.48). Approximately 186,580 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,756,942 shares. The stock had previously closed at GBX 43.80 ($0.54).

Argentex Group Price Performance

The company has a market capitalization of £47.85 million, a PE 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. The stock has a 50 day moving average price of GBX 31.91 and a two-hundred day moving average price of GBX 32.73.

Insider Activity at Argentex Group

In related news, insider Nigel Railton purchased 693,000 shares of Argentex Group stock in a transaction on Monday, December 2nd. The stock was bought at an average price of GBX 31 ($0.39) per share, with a total value of £214,830 ($267,301.23). Insiders own 24.75% of the company’s stock.

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.