StockNews.com Begins Coverage on Avalon (NYSE:AWX)

StockNews.com began coverage on shares of Avalon (NYSE:AWX) in a report published on Sunday. The firm issued a hold rating on the stock.

Avalon Stock Up 3.6 %

AWX stock opened at $2.30 on Friday. Avalon has a fifty-two week low of $1.76 and a fifty-two week high of $2.84. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.69. The stock has a market capitalization of $8.97 million, a price-to-earnings ratio of -5.11 and a beta of 0.80. The business’s fifty day moving average price is $2.30 and its two-hundred day moving average price is $2.18.

Avalon (NYSE:AWX) last released its quarterly earnings results on Thursday, March 21st. The company reported ($0.21) EPS for the quarter. The business had revenue of $17.62 million for the quarter. Avalon had a negative return on equity of 4.88% and a negative net margin of 2.20%.

Institutional Trading of Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. boosted its position in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,411 shares of the company’s stock after buying an additional 8,153 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.96% of Avalon worth $73,000 at the end of the most recent quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Avalon Company Profile

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal, and governmental customers in the United States. It operates in Waste Management Services, and Golf and Related Operations segments. The Waste Management Services segment offers hazardous and nonhazardous waste disposal brokerage and management services; captive landfill management services; and turnkey services, including daily operations, facilities management, and management reporting.