Concrete Pumping Holdings Inc (NASDAQ:BBCP) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 521,300 shares, a growth of 68.4% from the May 30th total of 309,500 shares. Currently, 5.4% of the company’s stock are sold short. Based on an average daily trading volume, of 282,500 shares, the days-to-cover ratio is presently 1.8 days.
NASDAQ:BBCP traded down $0.01 during trading on Thursday, reaching $5.27. The company’s stock had a trading volume of 170,335 shares, compared to its average volume of 149,005. The company has a market capitalization of $306.71 million, a price-to-earnings ratio of 2.13 and a beta of 0.71. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.53 and a current ratio of 0.57. The company has a 50 day simple moving average of $4.89. Concrete Pumping has a 12 month low of $3.64 and a 12 month high of $15.25.
Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings results on Monday, June 10th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.39). The firm had revenue of $61.99 million during the quarter, compared to the consensus estimate of $62.97 million. Equities analysts forecast that Concrete Pumping will post -0.73 earnings per share for the current year.
An institutional investor recently bought a new position in Concrete Pumping stock. Millennium Management LLC purchased a new position in shares of Concrete Pumping Holdings Inc (NASDAQ:BBCP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 83,537 shares of the company’s stock, valued at approximately $688,000. Millennium Management LLC owned 0.29% of Concrete Pumping as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.28% of the company’s stock.
BBCP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. William Blair initiated coverage on Concrete Pumping in a research note on Friday, May 17th. They issued an “outperform” rating and a $5.31 price objective for the company. Robert W. Baird initiated coverage on TJX Companies in a research note on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective for the company. Stifel Nicolaus downgraded Asante Solutions to a “buy” rating and set a $9.00 price objective for the company. in a research note on Thursday, May 23rd. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $8.33.
Concrete Pumping Company Profile
Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.
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