Aebi Schmidt (NASDAQ:AEBI) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Aebi Schmidt Holding AG (NASDAQ:AEBI) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $11.60 and traded as high as $12.01. Aebi Schmidt shares last traded at $11.79, with a volume of 209,954 shares.

Analyst Upgrades and Downgrades

AEBI has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Aebi Schmidt from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. DA Davidson lifted their price target on shares of Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $17.00 price objective on shares of Aebi Schmidt in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Aebi Schmidt Price Performance

The stock has a market cap of $914.90 million, a PE ratio of 36.84 and a beta of 2.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.98 and a quick ratio of 1.14. The business has a fifty day moving average of $11.60 and a 200 day moving average of $12.42.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%. The company had revenue of $496.41 million for the quarter. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Sell-side analysts anticipate that Aebi Schmidt Holding AG will post 0.69 earnings per share for the current year.

Aebi Schmidt Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, November 12th will be paid a $0.0250 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 12th. Aebi Schmidt’s payout ratio is 31.25%.

Institutional Trading of Aebi Schmidt

Several institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC bought a new position in Aebi Schmidt during the 2nd quarter valued at $54,208,000. BlackRock Inc. bought a new stake in shares of Aebi Schmidt in the 2nd quarter worth about $40,634,000. Medina Value Partners LLC bought a new stake in shares of Aebi Schmidt in the 2nd quarter worth about $23,893,104. NewEdge Wealth LLC bought a new stake in shares of Aebi Schmidt in the 2nd quarter worth about $10,980,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Aebi Schmidt in the 2nd quarter valued at about $9,750,000.

Aebi Schmidt Company Profile

Aebi Schmidt is a Switzerland-based provider of intelligent solutions for maintaining clean, safe and accessible transport infrastructure. The company develops, manufactures and services specialized equipment and systems used by public authorities, airports, road operators, contractors and other infrastructure organizations.

Its product portfolio includes snowplows, spreaders and other winter-service equipment; street sweepers and cleaning systems; airport runway maintenance vehicles; and equipment for vegetation management and surface maintenance.