Aegion Corp. (AEGN) Sees Strong Trading Volume
Aegion Corp. (NASDAQ:AEGN) saw an uptick in trading volume on Friday . 171,497 shares were traded during trading, a decline of 11% from the previous session’s volume of 192,002 shares.The stock last traded at $20.27 and had previously closed at $20.00.
Several research firms have weighed in on AEGN. Zacks Investment Research upgraded shares of Aegion Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Sidoti assumed coverage on shares of Aegion Corp. in a report on Monday, June 27th. They set a “neutral” rating for the company. Finally, Hilliard Lyons raised shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.00.
The stock’s market cap is $677.56 million. The stock has a 50 day moving average of $19.60 and a 200-day moving average of $19.42.
Aegion Corp. (NASDAQ:AEGN) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $293.90 million for the quarter, compared to analyst estimates of $283.83 million. During the same period last year, the firm posted $0.13 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Equities analysts predict that Aegion Corp. will post $1.24 earnings per share for the current fiscal year.
A number of large investors recently bought and sold shares of AEGN. Rhumbline Advisers increased its stake in Aegion Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 61,829 shares of the company’s stock valued at $1,194,000 after buying an additional 1,240 shares during the last quarter. First Trust Advisors LP increased its stake in Aegion Corp. by 17.9% in the fourth quarter. First Trust Advisors LP now owns 95,606 shares of the company’s stock valued at $1,846,000 after buying an additional 14,501 shares during the last quarter. Bank of Montreal Can increased its stake in Aegion Corp. by 34,264.7% in the fourth quarter. Bank of Montreal Can now owns 99,314 shares of the company’s stock valued at $1,917,000 after buying an additional 99,025 shares during the last quarter. Finally, KBC Group NV increased its stake in Aegion Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 134,600 shares of the company’s stock valued at $2,599,000 after buying an additional 6,588 shares during the last quarter.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
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