Aegion Corporation (NASDAQ:AEGN) changed -0.49% to recent value of $18.13. The stock transacted 48699 shares during most recent day however it has an average volume of 163.66K shares. It spotted trading -32.35% off 52-week high price. On the other end, the stock has been noted 28.40% away from the low price over the last 52-weeks.
Aegion Corporation (NASDAQ:AEGN) declared that its subsidiary, Insituform Technologies, LLC, has been awarded a contract valued at $7.2 million from the city of Memphis, Tennessee. Including this most recent contract award, the city of Memphis has awarded Insituform approximately $14.5 million in contracts since 2015.
The city of Memphis conducted an in-depth pre-qualification process which included stringent safety requirements, proof of installation experience, resumes of project team members and manufacturing quality reports. Six contractors were approved following the pre-qualification process and Insituform was awarded the project.
Crews will install Insituform® CIPP in more than 10 miles of 8- to 36-inch wastewater pipelines in residential areas throughout Memphis beginning in July 2019. The Company anticipates completing the project in July 2020.
AEGN has a gross margin of 19.70% and an operating margin of 2.00% while its profit margin remained 0.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 105.10% for this year while earning per share for the next 5-years is expected to reach at 15.00%.
The company has 30.27M of outstanding shares and 30.09M shares were floated in the market. According to the most recent quarter its current ratio was 2.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 8.18% from the mean of 20 days, 10.28% from mean of 50 days SMA and performed -2.80% from mean of 200 days price. Company’s performance for the week was -1.47%, 25.03% for month and YTD performance remained 11.09%.
Rudy Flores also covers the business news across all market sectors. He also has an enormous knowledge of stock market. He holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. Rudy previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section.
Email Contact – Rudy@newsleading.info
Address: 467 Sheppard Ave, Toronto, Ontario