Aegion Corp. (AEGN) Sees Unusually-High Trading Volume
Aegion Corp. (NASDAQ:AEGN) shares saw unusually-high trading volume on Friday . Approximately 291,761 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 191,205 shares.The stock last traded at $19.00 and had previously closed at $19.16.
AEGN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Aegion Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Sidoti initiated coverage on shares of Aegion Corp. in a research report on Monday, June 27th. They issued a “neutral” rating on the stock. Finally, Hilliard Lyons upgraded shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.00.
The stock’s market cap is $629.27 million. The firm has a 50-day moving average of $19.64 and a 200-day moving average of $19.70.
Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. During the same quarter last year, the firm earned $0.35 earnings per share. The firm earned $297.69 million during the quarter, compared to analyst estimates of $313.10 million. Aegion Corp.’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities analysts anticipate that Aegion Corp. will post $1.08 earnings per share for the current year.
Several institutional investors recently made changes to their positions in AEGN. Rhumbline Advisers raised its position in shares of Aegion Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 61,829 shares of the company’s stock worth $1,194,000 after buying an additional 1,240 shares during the last quarter. Bank of Montreal Can raised its position in shares of Aegion Corp. by 34,264.7% in the fourth quarter. Bank of Montreal Can now owns 99,314 shares of the company’s stock worth $1,917,000 after buying an additional 99,025 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Aegion Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 134,600 shares of the company’s stock worth $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.