Avalon (NYSE:AWX) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Avalon (NYSE:AWX) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Avalon Stock Up 4.9 %

NYSE AWX opened at $2.13 on Wednesday. The stock’s 50-day moving average price is $2.28 and its 200-day moving average price is $2.20. The company has a market capitalization of $8.30 million, a P/E ratio of -4.73 and a beta of 0.82. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. Avalon has a 52 week low of $1.76 and a 52 week high of $2.72.

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

Hedge Funds Weigh In On Avalon

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. boosted its stake in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,411 shares of the company’s stock after acquiring an additional 8,153 shares during the period. Wittenberg Investment Management Inc. owned 0.96% of Avalon worth $73,000 at the end of the most recent quarter. Hedge funds and other 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.