Avalon (NYSE:AWX) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Avalon (NYSE:AWX) in a report issued on Monday morning. The firm issued a hold rating on the stock.

Avalon Stock Performance

Shares of NYSE AWX opened at $2.16 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $2.30 and its two-hundred day moving average price is $2.18. Avalon has a 52-week low of $1.76 and a 52-week high of $2.84. The stock has a market capitalization of $8.42 million, a P/E ratio of -4.80 and a beta of 0.80.

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

Hedge Funds Weigh In On Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. grew its holdings in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,411 shares of the company’s stock after buying an additional 8,153 shares during the period. Wittenberg Investment Management Inc. owned 0.96% of Avalon worth $73,000 as of its most recent filing with the Securities and Exchange Commission. 34.44% of the stock is owned by institutional investors and hedge funds.

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.