Avalon (NYSE:AWX) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of Avalon (NYSE:AWX) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

Avalon Trading Down 2.2 %

NYSE:AWX opened at $2.22 on Friday. Avalon has a 52 week low of $1.76 and a 52 week high of $2.84. The firm has a 50 day moving average of $2.30 and a 200 day moving average of $2.17. 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 stock has a market capitalization of $8.66 million, a price-to-earnings ratio of -4.93 and a beta of 0.80.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Avalon stock. Wittenberg Investment Management Inc. lifted its holdings in Avalon Holdings Co. (NYSE:AWX) by 27.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 0.96% of Avalon worth $73,000 as of its most recent SEC filing. 34.44% of the stock is owned by institutional investors.

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.