Avalon (NYSE:AWX) Receives New Coverage from Analysts at StockNews.com

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

Avalon Stock Performance

NYSE AWX opened at $2.26 on Monday. The firm has a market cap of $8.81 million, a P/E ratio of -5.02 and a beta of 0.80. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $2.30 and its 200-day moving average is $2.18. Avalon has a 12-month low of $1.76 and a 12-month high of $2.84.

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

Institutional Trading of Avalon

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. increased its holdings in Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to its most recent disclosure with the SEC. 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 0.96% of Avalon worth $73,000 as of its most recent SEC filing. Institutional investors own 34.44% of the company’s stock.

About Avalon

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.