Custom Truck One Source (NYSE:CTOS) Trading Down 6.6% – What’s Next?

Shares of Custom Truck One Source, Inc. (NYSE:CTOS) fell 6.6% on Monday . The company traded as low as $4.71 and last traded at $4.75. 114,035 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 923,318 shares. The stock had previously closed at $5.09.

Analyst Ratings Changes

Separately, Oppenheimer reduced their target price on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th.

Custom Truck One Source Price Performance

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -30.41 and a beta of 0.79. The stock has a fifty day simple moving average of $5.11 and a 200-day simple moving average of $4.46. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87.

Hedge Funds Weigh In On Custom Truck One Source

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTOS. R Squared Ltd acquired a new stake in Custom Truck One Source during the fourth quarter valued at approximately $39,000. Platform Technology Partners bought a new position in shares of Custom Truck One Source during the fourth quarter valued at $66,000. Intech Investment Management LLC bought a new position in shares of Custom Truck One Source during the third quarter valued at $56,000. SG Americas Securities LLC acquired a new position in shares of Custom Truck One Source in the 3rd quarter worth approximately $64,000. Finally, FMR LLC boosted its stake in Custom Truck One Source by 1,234.8% in the third quarter. FMR LLC now owns 28,846 shares of the company’s stock worth $100,000 after purchasing an additional 26,685 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).