Several other brokerages have also commented on ASV. Barrington Research set a $11.00 price objective on ASV and gave the company a buy rating in a report on Monday, July 9th. Zacks Investment Research lowered ASV from a hold rating to a sell rating in a report on Monday, May 14th. Finally, ValuEngine lowered ASV from a hold rating to a sell rating in a report on Monday, July 30th.
ASV traded down $0.88, reaching $6.50, during mid-day trading on Friday, MarketBeat Ratings reports. 18,668 shares of the company were exchanged, compared to its average volume of 16,033. The company has a quick ratio of 0.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.39. The firm has a market cap of $72.49 million, a P/E ratio of 29.55 and a beta of 0.02. ASV has a 12-month low of $4.75 and a 12-month high of $10.80.
ASV (NASDAQ:ASV) last posted its earnings results on Thursday, August 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). ASV had a positive return on equity of 2.33% and a negative net margin of 0.21%. The company had revenue of $31.86 million for the quarter, compared to analysts’ expectations of $38.53 million. equities analysts expect that ASV will post 0.35 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. WealthTrust Axiom LLC purchased a new position in ASV in the 1st quarter worth $794,000. Shufro Rose & Co. LLC raised its stake in ASV by 305.7% in the 1st quarter. Shufro Rose & Co. LLC now owns 87,000 shares of the company’s stock worth $632,000 after acquiring an additional 65,554 shares during the last quarter. First Wilshire Securities Management Inc. raised its stake in ASV by 49.9% in the 1st quarter. First Wilshire Securities Management Inc. now owns 520,810 shares of the company’s stock worth $3,781,000 after acquiring an additional 173,410 shares during the last quarter. Finally, Royce & Associates LP raised its stake in ASV by 81.4% in the 2nd quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock worth $1,584,000 after acquiring an additional 122,800 shares during the last quarter. Hedge funds and other institutional investors own 49.07% of the company’s stock.
ASV Company Profile
ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.
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