Avalon (NYSE:AWX) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Avalon (NYSE:AWX) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Avalon Price Performance

Shares of AWX stock opened at $2.40 on Friday. Avalon has a 1 year low of $1.76 and a 1 year high of $2.66. The firm’s 50 day moving average is $2.27 and its 200-day moving average is $2.23. The firm has a market capitalization of $9.36 million, a price-to-earnings ratio of -8.89 and a beta of 0.82. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94.

Avalon (NYSE:AWX) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.25) earnings per share for the quarter. Avalon had a negative net margin of 1.33% and a negative return on equity of 2.99%. The business had revenue of $18.86 million during the quarter.

Institutional Investors Weigh In On Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. increased its stake in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,411 shares of the company’s stock after acquiring an additional 8,153 shares during the period. Wittenberg Investment Management Inc. owned about 0.96% of Avalon worth $73,000 as of its most recent SEC filing. Institutional investors own 34.44% of the company’s stock.

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.