Avalon (NYSE:AWX) Research Coverage Started at StockNews.com

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

Avalon Trading Down 2.7 %

Avalon stock opened at $2.20 on Monday. The company’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $2.19. The company has a quick ratio of 0.69, a current ratio of 0.78 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. The stock has a market cap of $8.58 million, a P/E ratio of -4.89 and a beta of 0.80.

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

Institutional Investors Weigh In On Avalon

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. boosted its position in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,411 shares of the company’s stock after acquiring an additional 8,153 shares during the period. Wittenberg Investment Management Inc. owned 0.96% of Avalon worth $73,000 at the end of the most recent quarter. 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.