Avalon (NYSE:AWX) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Avalon (NYSE:AWX) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

Avalon Stock Performance

NYSE:AWX opened at $2.19 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.69. The business has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.20. Avalon has a 1 year low of $1.76 and a 1 year high of $2.72. The company has a market capitalization of $8.54 million, a P/E ratio of -4.73 and a beta of 0.82.

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

Hedge Funds Weigh In On Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. increased its stake in Avalon Holdings Co. (NYSE:AWX) by 27.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.