Avalon (NYSE:AWX) Trading 0.6% Higher – Here’s Why

Avalon Holdings Co. (NYSE:AWX) shares rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $2.52 and last traded at $2.5050. Approximately 1,484 shares were traded during trading, a decline of 76% from the average session volume of 6,275 shares. The stock had previously closed at $2.49.

Avalon Stock Performance

The firm has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $2.59. The company has a current ratio of 0.97, a quick ratio of 0.88 and a debt-to-equity ratio of 0.87. The stock has a market cap of $9.83 million, a price-to-earnings ratio of 10.08 and a beta of 0.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Avalon stock. DRW Securities LLC purchased a new stake in Avalon Holdings Co. (NYSE:AWX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,811 shares of the company’s stock, valued at approximately $56,000. DRW Securities LLC owned 0.53% of Avalon at the end of the most recent reporting period. 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.