Avalon (NYSE:AWX) Trading Down 1.5% – Here’s What Happened

Avalon Holdings Co. (NYSE:AWX) fell 1.5% during mid-day trading on Friday . The company traded as low as $2.63 and last traded at $2.64. 423 shares changed hands during trading, a decline of 94% from the average session volume of 6,687 shares. The stock had previously closed at $2.68.

Avalon Trading Down 1.5%

The stock’s fifty day simple moving average is $2.68 and its two-hundred day simple moving average is $2.65. The firm has a market cap of $10.29 million, a PE ratio of 10.56 and a beta of 0.70. The company has a quick ratio of 0.88, a current ratio of 0.97 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On Avalon

An institutional investor recently bought a new position in Avalon stock. DRW Securities LLC bought a new stake in shares of Avalon Holdings Co. (NYSE:AWX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,811 shares of the company’s stock, valued at approximately $56,000. DRW Securities LLC owned about 0.53% of Avalon at the end of the most recent quarter. 34.44% of the stock is owned by institutional investors.

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. This segment also engages in the salt water injection well operations; and sale of construction mats.