Aebi Schmidt (NASDAQ:AEBI) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $11.60 and traded as high as $12.01. Aebi Schmidt shares last traded at $11.79, with a volume of 209,954 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEBI. Weiss Ratings cut shares of Aebi Schmidt from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. DA Davidson upped their price target on shares of Aebi Schmidt from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Roth Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of Aebi Schmidt in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.00.

Aebi Schmidt Price Performance

The company has a market capitalization of $914.90 million, a price-to-earnings ratio of 36.84 and a beta of 2.59. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.67. The company has a 50 day simple moving average of $11.60 and a 200 day simple moving average of $12.42.

Aebi Schmidt (NASDAQ:AEBI) last released its quarterly earnings data on Friday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $496.41 million for the quarter. Aebi Schmidt had a return on equity of 2.59% and a net margin of 1.09%. During the same period in the prior year, the firm earned ($0.06) earnings per share. As a group, research analysts predict that Aebi Schmidt Holding AG will post 0.69 EPS for the current year.

Aebi Schmidt Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.0250 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 12th. Aebi Schmidt’s payout ratio is 31.25%.

Institutional Investors Weigh In On Aebi Schmidt

Several large investors have recently made changes to their positions in AEBI. Pzena Investment Management LLC purchased a new stake in Aebi Schmidt during the 2nd quarter worth $54,208,000. BlackRock Inc. purchased a new position in Aebi Schmidt in the second quarter valued at about $40,634,000. Medina Value Partners LLC purchased a new position in Aebi Schmidt in the second quarter valued at about $23,893,104. NewEdge Wealth LLC acquired a new position in shares of Aebi Schmidt during the second quarter worth about $10,980,000. Finally, Ancora Advisors LLC acquired a new position in shares of Aebi Schmidt during the second quarter worth about $9,750,000.

Aebi Schmidt Company Profile

Aebi Schmidt is a Switzerland-based provider of intelligent solutions for maintaining clean, safe and accessible transport infrastructure. The company develops, manufactures and services specialized equipment and systems used by public authorities, airports, road operators, contractors and other infrastructure organizations.

Its product portfolio includes snowplows, spreaders and other winter-service equipment; street sweepers and cleaning systems; airport runway maintenance vehicles; and equipment for vegetation management and surface maintenance.