Aegion Corp (NASDAQ:AEGN) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.59 and traded as high as $17.59. Aegion shares last traded at $17.57, with a volume of 3,176 shares traded.
Several analysts have issued reports on AEGN shares. BidaskClub raised Aegion from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Zacks Investment Research lowered Aegion from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Maxim Group reaffirmed a “hold” rating and issued a $17.00 target price on shares of Aegion in a research note on Tuesday, April 16th. Finally, ValuEngine raised Aegion from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.50.
The company has a market capitalization of $541.60 million, a PE ratio of 15.46, a PEG ratio of 1.47 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.09. The company’s 50 day moving average is $15.66.
Large investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC boosted its stake in shares of Aegion by 207.0% during the first quarter. Quantamental Technologies LLC now owns 2,109 shares of the construction company’s stock valued at $37,000 after purchasing an additional 1,422 shares during the period. Bank of Montreal Can boosted its stake in shares of Aegion by 14.0% during the fourth quarter. Bank of Montreal Can now owns 5,432 shares of the construction company’s stock valued at $88,000 after purchasing an additional 668 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Aegion by 78.6% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,532 shares of the construction company’s stock valued at $109,000 after purchasing an additional 2,875 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Aegion by 153.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,413 shares of the construction company’s stock worth $130,000 after acquiring an additional 4,490 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Aegion in the fourth quarter worth $150,000. 95.34% of the stock is owned by hedge funds and other institutional investors.
About Aegion (NASDAQ:AEGN)
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.
Receive News & Ratings for Aegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aegion and related companies with MarketBeat.com's FREE daily email newsletter.