Avalon (NYSE:AWX) Now Covered by StockNews.com

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

Avalon Stock Up 3.6 %

AWX stock opened at $2.30 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 0.91. The firm has a 50 day simple moving average of $2.30 and a 200-day simple moving average of $2.18. The company has a market capitalization of $8.97 million, a P/E ratio of -5.11 and a beta of 0.80. Avalon has a twelve month low of $1.76 and a twelve month high of $2.84.

Avalon (NYSE:AWX) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $17.62 million for the quarter. Avalon had a negative return on equity of 4.88% and a negative net margin of 2.20%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. raised its holdings in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,411 shares of the company’s stock after purchasing an additional 8,153 shares during the period. Wittenberg Investment Management Inc. owned about 0.96% of Avalon worth $73,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.