Avalon (NYSE:AWX) Shares Up 0.8% – Here’s What Happened

Avalon Holdings Co. (NYSE:AWX)’s share price traded up 0.8% on Thursday . The company traded as high as $2.60 and last traded at $2.53. Approximately 12,428 shares traded hands during trading, an increase of 100% from the average daily volume of 6,228 shares. The stock had previously closed at $2.51.

Avalon Price Performance

The company’s 50-day moving average is $2.54 and its 200-day moving average is $2.58. The firm has a market cap of $9.86 million, a price-to-earnings ratio of 10.12 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 0.87.

Institutional Investors Weigh In On Avalon

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