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

Argentex Group PLC (LON:AGFX)’s stock price was down 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 changed 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 Stock Performance

The business has a 50 day moving average price of GBX 30.56 and a 200 day moving average price of GBX 32.11. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 26.42. The stock has a market cap of £35.84 million, a P/E ratio of 716.00 and a beta of 1.20.

Insiders Place Their Bets

In other news, insider Nigel Railton bought 693,000 shares of Argentex Group stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of GBX 31 ($0.39) per share, for a total transaction of £214,830 ($269,210.53). 24.75% of the stock is currently owned by company insiders.

About Argentex Group

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.