Limbach (LMB) Sets New 12-Month Low at $3.75

Limbach Holdings Inc (NASDAQ:LMB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.75 and last traded at $3.79, with a volume of 100 shares traded. The stock had previously closed at $3.90.

Several brokerages have issued reports on LMB. Zacks Investment Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 27th. TheStreet downgraded shares of Limbach from a “c” rating to a “d+” rating in a research report on Tuesday, November 20th. DA Davidson cut their price objective on shares of Limbach from $15.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Finally, Roth Capital downgraded shares of Limbach from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $5.00 in a research report on Wednesday, November 21st.

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.06. The stock has a market cap of $29.60 million, a price-to-earnings ratio of 17.00 and a beta of 0.38.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Monday, November 19th. The construction company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.87). Limbach had a negative net margin of 0.78% and a negative return on equity of 5.30%. The business had revenue of $135.06 million during the quarter, compared to analyst estimates of $142.38 million. On average, equities research analysts expect that Limbach Holdings Inc will post -0.85 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Limbach by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 510,351 shares of the construction company’s stock valued at $5,752,000 after buying an additional 14,416 shares in the last quarter. Acuitas Investments LLC raised its position in shares of Limbach by 52.2% in the third quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock valued at $2,808,000 after buying an additional 85,443 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Limbach by 169.6% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after buying an additional 22,900 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Limbach by 47.0% in the third 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 during the last quarter. Institutional investors own 38.05% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Limbach (LMB) Sets New 12-Month Low at $3.75” was first posted by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.wkrb13.com/2018/12/14/limbach-lmb-sets-new-12-month-low-at-3-75.html.

About Limbach (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.

Read More: Moving Average – How it Helps Investors in Stock Selection

Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply