Alamo Group Inc. (NYSE:ALG) is now trading -41.52% off 52-week high price. On the other end, the stock has been noted -9.82% away from the low price over the last 52-weeks. The stock changed -16.51% to recent value of $77.75. The stock transacted 104857 shares during most recent day however it has an average volume of 66.11K shares. The company has 12.82M of outstanding shares and 11.49M shares were floated in the market.
On March 18, 2020, Alamo Group Inc. (NYSE:ALG) declared that it will temporarily close its French operating facilities due to concerns for Alamo’s French employees and in response to recent directives issued by the French government outlining strict measures regarding coronavirus (COVID-19) containment. This temporary closure includes the following facilities:
- Alamo’s facility in Daumeray, France, which produces vacuum trucks, high pressure cleaning systems and trenchers under the Rivard brand with its approximately 400 employees;
- Alamo’s facility in Neuville, France, which produces hedge and grass cutting equipment under the Rousseau and SMA brands with its approximately 150 employees; and
- Alamo’s facility in Peschadoires, France, which produces replacement parts under the Forges Gorce brand with its approximately 20 employees.
The Rivard facility in Daumeray temporarily halted its operations on Tuesday March 17, 2020, while the Neuville and Peschadoires locations will temporarily cease operations beginning on Thursday March 19, 2020. It is currently anticipated that these plant closures will continue for the later of two weeks or until such time as coronavirus impacts are mitigated to an extent which allow for the commencement of full or partial plant operations. Despite these general closures, there are a limited number of personnel on-site at Alamo’s French locations and working remotely in order to maintain security and to meet emergency customer needs for spare parts and to handle urgent customer questions.
Its earnings per share (EPS) expected to touch remained -10.60% for this year while earning per share for the next 5-years is expected to reach at 6.60%. ALG has a gross margin of 24.40% and an operating margin of 8.50% while its profit margin remained 5.60% for the last 12 months.
According to the most recent quarter its current ratio was 3.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -30.52% from the mean of 20 days, -35.77% from mean of 50 days SMA and performed -31.45% from mean of 200 days price. Company’s performance for the week was -23.49%, -40.09% for month and YTD performance remained -38.07%.