StockNews.com Initiates Coverage on Avalon (NYSE:AWX)

Research analysts at StockNews.com initiated coverage on shares of Avalon (NYSE:AWX) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Avalon Price Performance

Shares of AWX stock opened at $2.08 on Tuesday. The firm has a market cap of $8.11 million, a price-to-earnings ratio of -4.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.69. Avalon has a one year low of $1.76 and a one year high of $2.72. The stock’s fifty day simple moving average is $2.29 and its 200 day simple moving average is $2.19.

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

Institutional Investors Weigh In On Avalon

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. increased its position in Avalon Holdings Co. (NYSE:AWX) by 27.9% during 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 approximately 0.96% of Avalon worth $73,000 as of its most recent SEC filing. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.