Aebi Schmidt (NASDAQ:AEBI) Stock Price Up 5.1% – Should You Buy?

Shares of Aebi Schmidt Holding AG (NASDAQ:AEBI) rose 5.1% during trading on Friday . The company traded as high as $11.64 and last traded at $11.7140. Approximately 35,360 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 277,340 shares. The stock had previously closed at $11.15.

Analyst Ratings Changes

AEBI has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating and issued a $15.00 price target on shares of Aebi Schmidt in a research note on Friday, March 20th. Weiss Ratings reiterated a “sell (e)” rating on shares of Aebi Schmidt in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Aebi Schmidt presently has an average rating of “Hold” and a consensus price target of $15.00.

Aebi Schmidt Stock Up 6.0%

The company has a current ratio of 1.90, a quick ratio of 1.15 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $914.84 million and a P/E ratio of 23.64. The company has a fifty day moving average of $11.48.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $455.55 million during the quarter. Aebi Schmidt had a return on equity of 1.65% and a net margin of 0.64%. Analysts forecast that Aebi Schmidt Holding AG will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Aebi Schmidt

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in shares of Aebi Schmidt by 70.9% in the first quarter. Renaissance Technologies LLC now owns 142,200 shares of the company’s stock worth $1,381,000 after buying an additional 59,000 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Aebi Schmidt in the first quarter worth approximately $374,000. Sei Investments Co. boosted its holdings in shares of Aebi Schmidt by 85.6% in the first quarter. Sei Investments Co. now owns 78,461 shares of the company’s stock worth $762,000 after buying an additional 36,189 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Aebi Schmidt in the first quarter worth approximately $117,000. Finally, Swiss National Bank boosted its holdings in shares of Aebi Schmidt by 2.5% in the first quarter. Swiss National Bank now owns 76,500 shares of the company’s stock worth $743,000 after buying an additional 1,900 shares during the last quarter.

About Aebi Schmidt

Aebi Schmidt is a Swiss-based company that designs, manufactures and services specialized equipment for municipal and commercial surface maintenance. The company’s offerings focus on machines and attachment systems used for snow-clearing, street sweeping, vegetation management, and related upkeep of roads, paths and public spaces. Aebi Schmidt supplies complete vehicle systems as well as modular implements that can be mounted on carriers for year?round use.

Product lines typically include multi?purpose maintenance vehicles, snowplows and salt spreaders, street sweepers, mowers and verge management tools, plus a range of hydraulic attachments and consumable parts.