Argan traded at $330.30 this Thursday October 22nd, decreasing $15.55 or 4.50 percent since the previous trading session. Looking back, over the last four weeks, Argan lost 11.78 percent. Over the last 12 months, its price rose by 19.62 percent. Looking ahead, we forecast Argan to be priced at 359.41 by the end of this quarter and at 337.14 in one year, according to Trading Economics global macro models projections and analysts expectations.
Argan, Inc. (Argan) is a holding company. The Company conducts operations through its wholly owned subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited and affiliates (APC), The Roberts Company, Inc. (TRC) and Southern Maryland Cable, Inc. (SMC). Through GPS and APC, its power industry services segment provides a range of engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical and consulting services to the power generation market, including the renewable energy sector. Through TRC, its industrial fabrication and field services segment provides on-site services that support maintenance turnarounds, shutdowns and emergency mobilizations for industrial plants. Through SMC, its telecommunications infrastructure services segment provides project management, construction, installation and maintenance services to commercial, local government and federal government customers.