Avalon (NYSE:AWX) Stock Price Up 0.4% – Time to Buy?

Avalon Holdings Co. (NYSE:AWX)’s share price rose 0.4% during mid-day trading on Tuesday . The company traded as high as $2.55 and last traded at $2.59. Approximately 1,201 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 5,400 shares. The stock had previously closed at $2.58.

Avalon Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $10.10 million, a price-to-earnings ratio of 10.36 and a beta of 0.69. The firm’s fifty day moving average price is $2.67 and its 200 day moving average price is $2.66.

Hedge Funds Weigh In On Avalon

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

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