Stock News Buzz: Alamo Group Inc. (NYSE: ALG)

Business News

On 04 Nov 2019, Alamo Group Inc. (NYSE: ALG) noted negative change of -0.16% in recent trading period with closing price of $109.44. The company traded 108893 shares compared to an average volume of 87.12K shares. EPS growth for this year is 27.70% and EPS growth for next year is expected to reach at 26.90%. EPS growth in past five years was 15.00% while EPS growth in next five years is projected to arrive at 6.60%. Sales growth past 5 years was measured at 8.10%.

Alamo Group Inc. (ALG) recently reported that David W. Grzelak will retire from the Board of Directors effective December 13, 2019, Because of personal reasons. Mr. Grzelak joined the Board in 2006 and has served on various committees during his tenure, including most recently as Chairman of the Compensation Committee.  During this time he has made important contributions to Alamo Group’s continued success.

Roderick R. Baty, Alamo Group’s Chairman stated “We will miss Dave and would like to express our sincere thanks for his leadership and guidance and for his resolute focus on doing what is right for the Company and its shareholders.” Mr. Grzelak commented “It has been a pleasure and an honor serving on the Board of Alamo Group and I want to wish Alamo Group every success in the future.”

ALG price decreased at -7.97% from 20-Days Simple Moving Average, plunged at -6.66% from 50-Days Simple Moving Average and settled at 6.29% from 200 Days Simple Moving Average. The stock as of last trading session moved at 50.95% from its 52-week low and was trading at -15.77% to its 52-week high. In the trailing 12 months period, return on assets ratio of the Company was 8.50% and return on equity ratio was 13.20% while its return on investment ratio was 12.90%.