Aegion Corp. (AEGN) Sees Large Volume Increase
Aegion Corp. (NASDAQ:AEGN) saw an uptick in trading volume on Friday . 291,761 shares traded hands during 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.
Several research firms have weighed in on AEGN. Sidoti began coverage on Aegion Corp. in a research report on Monday, June 27th. They set a “neutral” rating for the company. Zacks Investment Research raised Aegion Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Hilliard Lyons raised Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.00.
The company’s 50 day moving average price is $19.64 and its 200 day moving average price is $19.70. The firm’s market capitalization is $629.27 million.
Aegion Corp. (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $297.69 million for the quarter, compared to analyst estimates of $313.10 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was down 11.7% on a year-over-year basis. On average, analysts expect that Aegion Corp. will post $1.08 EPS for the current year.
Other institutional investors have modified their holdings of the company. KBC Group NV increased 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 valued at $2,599,000 after buying an additional 6,588 shares in the last quarter. Bank of Montreal Can increased 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 valued at $1,917,000 after buying an additional 99,025 shares in the last quarter. Finally, Rhumbline Advisers increased 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 valued at $1,194,000 after buying an additional 1,240 shares in 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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