Asv Llc’s (ASV) Quiet Period Will Expire Tomorrow
Asv Llc’s (NYSE:ASV) quiet period will expire on Wednesday, June 21st. Asv Llc had issued 3,800,000 shares in its public offering on May 12th. The total size of the offering was $26,600,000 based on an initial share price of $7.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Several equities research analysts have recently weighed in on the company. Roth Capital assumed coverage on Asv Llc in a research report on Wednesday, June 7th. They issued a “buy” rating and a $11.50 target price for the company. Seaport Global Securities assumed coverage on Asv Llc in a research report on Wednesday, June 7th. They issued a “buy” rating and a $9.50 target price for the company.
Shares of Asv Llc (ASV) opened at 8.36 on Tuesday. Asv Llc has a 12 month low of $7.25 and a 12 month high of $9.56. The stock has a 50 day moving average price of $8.08 and a 200 day moving average price of $8.08.
In other Asv Llc news, major shareholder Manitex International, Inc. sold 2,000,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $6.51, for a total transaction of $13,020,000.00. Following the transaction, the insider now directly owns 2,080,000 shares of the company’s stock, valued at $13,540,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Asv Llc Company Profile
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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