Avalon (NYSE:AWX) Research Coverage Started at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Avalon (NYSE:AWX) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.

Avalon Price Performance

Shares of NYSE AWX opened at $2.18 on Friday. The stock’s 50-day moving average is $2.47 and its two-hundred day moving average is $2.58. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.70. Avalon has a 1-year low of $2.11 and a 1-year high of $3.28. The company has a market cap of $8.50 million, a price-to-earnings ratio of -5.19 and a beta of 0.81.

Avalon (NYSE:AWX) last announced its earnings results on Friday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $20.62 million during the quarter. Avalon had a negative net margin of 1.89% and a negative return on equity of 4.36%.

Institutional Investors Weigh In On Avalon

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. boosted its position in Avalon Holdings Co. (NYSE:AWX) by 31.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,258 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. Wittenberg Investment Management Inc.’s holdings in Avalon were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

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; and captive landfill management services, as well as engages in the salt water injection well operations.