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

StockNews.com assumed coverage on shares of Avalon (NYSE:AWX) in a research note released on Tuesday. The firm issued a hold rating on the stock.

Avalon Stock Up 0.5 %

Shares of AWX opened at $2.18 on Tuesday. Avalon has a one year low of $1.76 and a one year high of $2.72. The company has a market cap of $8.50 million, a P/E ratio of -4.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $2.19.

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

Institutional Trading of Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. raised its position in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,411 shares of the company’s stock after acquiring an additional 8,153 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.96% of Avalon worth $73,000 as of its most recent SEC filing. 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.