Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 306,500 shares, a decrease of 7.3% from the August 31st total of 330,800 shares. Based on an average trading volume of 126,500 shares, the short-interest ratio is presently 2.4 days. Approximately 1.3% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on BBCP shares. Robert W. Baird decreased their target price on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. William Blair downgraded Concrete Pumping from an “outperform” rating to a “market perform” rating in a research report on Friday, June 7th. Stifel Nicolaus reduced their price target on shares of Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. UBS Group cut shares of Concrete Pumping from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.50 to $6.25 in a report on Friday, September 6th. Finally, DA Davidson reduced their target price on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.55.
View Our Latest Report on Concrete Pumping
Institutional Trading of Concrete Pumping
Concrete Pumping Price Performance
Shares of BBCP opened at $5.79 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.54 and a quick ratio of 1.44. Concrete Pumping has a 1-year low of $5.05 and a 1-year high of $9.05. The stock has a market cap of $313.35 million, a PE ratio of 18.68 and a beta of 1.11. The firm has a fifty day moving average price of $6.08 and a 200 day moving average price of $6.61.
Concrete Pumping (NASDAQ:BBCP – Get Free Report) last posted its earnings results on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $109.62 million during the quarter, compared to analysts’ expectations of $126.10 million. Concrete Pumping had a net margin of 3.72% and a return on equity of 6.17%. During the same period in the previous year, the firm posted $0.17 earnings per share. As a group, sell-side analysts anticipate that Concrete Pumping will post 0.27 EPS for the current year.
About Concrete Pumping
Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.
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