Aegion (NASDAQ:AEGN) Stock Passes Above 50-Day Moving Average of $15.59

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.

Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The company had revenue of $276.90 million for the quarter, compared to analysts’ expectations of $303.85 million. Aegion had a net margin of 0.08% and a return on equity of 7.76%. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. Equities analysts forecast that Aegion Corp will post 1.18 earnings per share for the current year.

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.

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