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Argan, Inc. Adjusts Valuation Metrics Amid Strong Financial Fundamentals and Bullish Trends
Argan, Inc. has recently seen a valuation adjustment from expensive to fair, with strong financial fundamentals including a low debt-to-equity ratio and robust cash position. Technical indicators now suggest a bullish trend, supported by positive MACD and Bollinger Bands signals. The company, a small-cap construction player, boasts a P/E ratio of 33, a PEG ratio of 0.22, and significant institutional ownership.