It is currently trading at $22.86 just above the 50 day moving average which is $20.28 and which is slightly above the 200 day moving average of $22.35. The 50 day moving average went up $2.58 or +12.73% and the 200 day average went up $0.51 or +2.30%. 352K shares changed hands in the last trading session. Trading volume was up 87.22% over the stocks average daily volume.
Traders are a little more bearish of late if you look at the change in short interest. The firm recorded a rise in short interest between June 15, 2017 and May 31, 2017 of 8.69%. Short interest increased 63,088 over that timeframe. The short-interest ratio increased to 5.5 and the short interest percentage is 0.02% as of May 31.
Aegion Corp (NASDAQ:AEGN) has been the object of insider selling activity recently. Michael D. White, SVP & Corporate Controller disclosed the sale of 2,175 shares. The shares were sold on March 2nd for an average price of $24.22. The SVP & Corporate Controller now owns $348,986 of the stock per the Form 4 SEC filing. David A. Martin, EVP reported the sale of 10,000 shares of AEGN stock. The shares were purchased at an average price of $25.34. Martin now owns $2,510,307 of the stock according to the SEC filing.
David F. Morris, EVP disclosed the sale of 5,000 shares of (AEGN). The shares were sold on November 22nd for an average price of $25.03. Morris now owns $3,612,480 of the stock according to the SEC filing.
These funds have also shifted positions in (AEGN). As of the end of the quarter Creative Planning had bought 550 shares growing its position 550.0%. The value of the investment in AEGN increased from $2,000 to $14,000 a change of 600.0% since the last quarter. Bank Of Montreal /can/ divested its holdings by selling 3,211 shares a decrease of 49.2% as of 06/30/2017. Bank Of Montreal /can/ owns 3,319 shares with a value of $73,000. The value of the position overall is down by 51.3%.
As of quarter end Capstone Asset Management Co had disposed of a total of 630 shares trimming its stake by 5.9%. The value of the investment in Aegion Corp went from $247,000 to $222,000 a change of $25,000 quarter over quarter. As of quarter end Thompson Rubinstein Investment Management Inc /or/ had bought a total of 13,148 shares growing its holdings by 6.5%. The value in dollars increased from $4,607,000 to $4,688,000 increasing 1.8% for the reporting period.
On May 23 the stock rating was upgraded to “Buy” from “” in a report issued by Craig-Hallum. Sidoti & Co. began coverage of the stock by announcing an initial rating of “Neutral”.
On March 11 the company was downgraded from “Buy” to “Neutral” in a report from Sidoti & Co.. On January 5, 2016 Stifel Nicolaus started covering the stock setting a rating of “Hold”.
On October 8 the stock rating was downgraded from “Buy” to “Hold” with a current price target of $0.00 in an announcement from Stifel Nicolaus. On October 2 analysts at Global Hunter started coverage with an initial rating of “Accumulate” and projecting a price target of $26.00.
The company is trading up by 0.84 percent from yesterday’s close. The company’s P/E ratio is 20.32 and market capitalization is 730.93M. As of the latest earnings report the EPS was $1.12 and is projected to be $1.30 for the current year with 31,974,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.42 with next year’s EPS projected to be $1.40.
Aegion Corporation (Aegion), launched on August 17, 2011, is involved in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities..