Avalon (NYSE:AWX) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of Avalon (NYSE:AWX) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Avalon Stock Performance

NYSE:AWX opened at $2.13 on Wednesday. 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 has a 50-day moving average price of $2.28 and a 200 day moving average price of $2.20. The firm has a market capitalization of $8.30 million, a PE ratio of -4.73 and a beta of 0.82. Avalon has a 12-month low of $1.76 and a 12-month high of $2.72.

Avalon (NYSE:AWX) last released its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter. The company 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

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. lifted its holdings in shares of Avalon Holdings Co. (NYSE:AWX) by 27.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,411 shares of the company’s stock after buying an additional 8,153 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.96% of Avalon worth $73,000 at the end of the most recent quarter. 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.