StockNews.com Initiates Coverage on Avalon (NYSE:AWX)

Equities research analysts at StockNews.com assumed coverage on shares of Avalon (NYSE:AWX) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Avalon Stock Up 3.7 %

Shares of NYSE AWX opened at $2.24 on Monday. The firm has a market capitalization of $8.73 million, a price-to-earnings ratio of -4.98 and a beta of 0.80. The business has a 50-day moving average of $2.30 and a 200-day moving average of $2.19. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 0.91. Avalon has a 12 month low of $1.76 and a 12 month high of $2.84.

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

Institutional Investors Weigh In On Avalon

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. raised its position in Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,411 shares of the company’s stock after acquiring an additional 8,153 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.96% of Avalon worth $73,000 at the end of the most recent quarter. 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.