Avalon (NYSE:AWX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Avalon (NYSE:AWX) in a research report released on Tuesday. The firm issued a hold rating on the stock.

Avalon Stock Performance

Shares of AWX opened at $2.23 on Tuesday. 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 $2.72. The firm has a fifty day simple moving average of $2.29 and a 200 day simple moving average of $2.20. The stock has a market capitalization of $8.70 million, a price-to-earnings ratio of -4.96 and a beta of 0.82.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Avalon stock. Wittenberg Investment Management Inc. increased its position in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to the company in its most recent disclosure 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. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Avalon Company Profile

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.