Aegion (AEGN) Falls: Stock Goes Down 5.7%


Aegion Corporation (AEGN) saw a big move last session, as the company’s shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as AEGN is now trading below the volatile price range of $23.0 to $24.6 in the past one-month time frame.
The Construction company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 0 decrease), and the consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
AEGN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Building and Construction industry include Gibraltar Industries, Inc. (ROCK), Simpson Manufacturing Co., Inc. (SSD) and United Rentals, Inc. (URI).  While Gibraltar Industries and Simpson Manufacturing carry a Zacks Rank #1 (Strong Buy), United Rentals hold a Zacks Rank #2 (Buy).
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