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

Stock analysts at StockNews.com initiated coverage on shares of Avalon (NYSE:AWX) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Avalon Price Performance

AWX opened at $2.32 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.69 and a current ratio of 0.78. The stock has a market capitalization of $9.05 million, a PE ratio of -5.16 and a beta of 0.82. The stock’s 50 day moving average price is $2.27 and its 200-day moving average price is $2.20. Avalon has a 52-week low of $1.76 and a 52-week high of $2.72.

Avalon (NYSE:AWX) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.25) earnings per share for the quarter. The firm had revenue of $18.86 million during the quarter. Avalon had a negative return on equity of 4.88% and a negative net margin of 2.20%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. boosted its holdings in Avalon Holdings Co. (NYSE:AWX) by 27.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,411 shares of the company’s stock after acquiring an additional 8,153 shares during the quarter. Wittenberg Investment Management Inc. owned 0.96% of Avalon worth $73,000 at the end of the most recent quarter. 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.