Avalon (NYSE:AWX) Trading Up 0.4% – Here’s Why

Avalon Holdings Co. (NYSE:AWX) rose 0.4% during mid-day trading on Thursday . The stock traded as high as $2.62 and last traded at $2.60. Approximately 2,345 shares traded hands during trading, a decline of 56% from the average daily volume of 5,325 shares. The stock had previously closed at $2.59.

Avalon Stock Up 0.4%

The stock has a market capitalization of $10.14 million, a P/E ratio of 10.40 and a beta of 0.69. The stock has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.88.

Institutional Trading of Avalon

A hedge fund recently bought a new stake in Avalon stock. DRW Securities LLC acquired a new stake in Avalon Holdings Co. (NYSE:AWX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 20,811 shares of the company’s stock, valued at approximately $56,000. DRW Securities LLC owned about 0.53% of Avalon as of its most recent filing with the Securities & Exchange Commission. 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. This segment also engages in the salt water injection well operations; and sale of construction mats.