Aebi Schmidt (NASDAQ:AEBI) Stock Price Down 6.5% – What’s Next?

Shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) dropped 6.5% during mid-day trading on Wednesday. The stock traded as low as $10.63 and last traded at $10.58. Approximately 26,005 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 306,534 shares. The stock had previously closed at $11.32.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Roth Capital reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Aebi Schmidt in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Aebi Schmidt from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. Finally, DA Davidson increased their price objective on shares of Aebi Schmidt from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Aebi Schmidt Trading Up 0.7%

The business’s fifty day moving average price is $12.15 and its 200 day moving average price is $11.93. The company has a market cap of $855.96 million, a price-to-earnings ratio of 34.47 and a beta of 2.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.98 and a quick ratio of 1.14.

Aebi Schmidt (NASDAQ:AEBI) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $496.41 million for the quarter. Aebi Schmidt had a net margin of 1.09% and a return on equity of 2.59%. During the same period last year, the company posted ($0.06) EPS. Research analysts anticipate that Aebi Schmidt Holding AG will post 0.69 earnings per share for the current fiscal year.

Aebi Schmidt Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, August 20th were given a dividend of $0.0250 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. Aebi Schmidt’s payout ratio is presently 31.25%.

Hedge Funds Weigh In On Aebi Schmidt

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Aebi Schmidt during the 2nd quarter valued at approximately $40,634,000. NewEdge Wealth LLC purchased a new position in Aebi Schmidt during the second quarter valued at $10,980,000. Corient Private Wealth LP bought a new stake in Aebi Schmidt in the second quarter worth $1,182,000. Medina Value Partners LLC purchased a new stake in shares of Aebi Schmidt in the second quarter worth $23,893,104. Finally, Congruence Capital LLC bought a new position in shares of Aebi Schmidt during the fourth quarter valued at $4,196,000.

About Aebi Schmidt

Aebi Schmidt Group develops and provides infrastructure maintenance solutions designed to support safe, clean and efficient transportation networks. The company serves public authorities, airports, contractors and other commercial customers with equipment and services for road, airport and urban-area maintenance.

Its product portfolio includes snowplows, de-icing and spreading systems, sweepers, street-cleaning equipment, mowing and vegetation-management machinery, and related vehicle-mounted solutions.