Avalon (NYSE:AWX) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Avalon (NYSE:AWX) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Avalon Stock Up 0.5 %

AWX opened at $2.17 on Tuesday. Avalon has a one year low of $1.76 and a one year high of $2.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.69 and a current ratio of 0.78. The stock has a market capitalization of $8.46 million, a P/E ratio of -4.82 and a beta of 0.80. The business’s 50-day simple moving average is $2.30 and its 200-day simple moving average is $2.19.

Avalon (NYSE:AWX) last issued its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) earnings per share for the quarter. The firm 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 Investors Weigh In On Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. raised its position in Avalon Holdings Co. (NYSE:AWX) by 27.9% in the 3rd quarter, according to its most recent filing with the SEC. 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 approximately 0.96% of Avalon worth $73,000 at the end of the most recent reporting period. 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.