Limbach (LMB) Hits New 52-Week Low at $8.75

Limbach Holdings Inc (NASDAQ:LMB) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $8.75 and last traded at $8.75, with a volume of 342 shares. The stock had previously closed at $8.99.

Separately, Zacks Investment Research upgraded Limbach from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th.

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $68.32 million, a P/E ratio of 40.27, a PEG ratio of 1.37 and a beta of 0.71.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, August 14th. The construction company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.22). Limbach had a negative net margin of 0.09% and a positive return on equity of 2.71%. The business had revenue of $139.53 million during the quarter, compared to analysts’ expectations of $130.00 million. Equities analysts forecast that Limbach Holdings Inc will post 0.41 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its holdings in shares of Limbach by 47.0% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 17,276 shares of the construction company’s stock valued at $195,000 after acquiring an additional 5,521 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Limbach by 169.6% in the 2nd quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after acquiring an additional 22,900 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Limbach by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 495,935 shares of the construction company’s stock valued at $5,862,000 after acquiring an additional 37,031 shares in the last quarter. Finally, Acuitas Investments LLC raised its holdings in shares of Limbach by 227.0% in the 2nd quarter. Acuitas Investments LLC now owns 163,699 shares of the construction company’s stock valued at $1,935,000 after acquiring an additional 113,639 shares in the last quarter. 33.89% of the stock is currently owned by hedge funds and other institutional investors.

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Limbach Company Profile (NASDAQ:LMB)

Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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