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

StockNews.com assumed coverage on shares of Avalon (NYSE:AWX) in a report published on Monday morning. The firm issued a hold rating on the stock.

Avalon Stock Performance

Shares of Avalon stock opened at $2.20 on Monday. The firm has a market cap of $8.58 million, a P/E ratio of -4.89 and a beta of 0.80. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 0.91. Avalon has a 12 month low of $1.76 and a 12 month high of $2.72. The stock’s fifty day moving average price is $2.30 and its 200-day moving average price is $2.19.

Avalon (NYSE:AWX) last posted its 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 during the quarter. Avalon had a negative net margin of 2.20% and a negative return on equity of 4.88%.

Institutional Investors Weigh In On Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. increased its position in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,411 shares of the company’s stock after purchasing an additional 8,153 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.96% of Avalon worth $73,000 as of its most recent filing with the SEC. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Avalon Company Profile

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.