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

StockNews.com began coverage on shares of Avalon (NYSE:AWX) in a research note released on Friday. The firm issued a hold rating on the stock.

Avalon Stock Performance

NYSE AWX opened at $2.36 on Friday. The stock has a market capitalization of $9.20 million, a PE ratio of -8.74 and a beta of 0.82. The business has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $2.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.71. Avalon has a 1-year low of $1.76 and a 1-year high of $2.66.

Avalon (NYSE:AWX) last released 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 for the quarter. Avalon had a negative net margin of 1.33% and a negative return on equity of 2.99%.

Hedge Funds Weigh In On Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. lifted its stake in Avalon Holdings Co. (NYSE:AWX) by 27.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,411 shares of the company’s stock after purchasing an additional 8,153 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.96% of Avalon worth $73,000 at the end of the most recent reporting period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.