Shares of ASV Holdings Inc (NASDAQ:ASV) hit a new 52-week low on Thursday . The company traded as low as $4.55 and last traded at $4.56, with a volume of 3846 shares traded. The stock had previously closed at $4.90.
A number of brokerages recently weighed in on ASV. ValuEngine upgraded shares of ASV from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of ASV from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Barrington Research set a $9.00 price target on shares of ASV and gave the stock a “buy” rating in a research note on Monday, August 13th. Seaport Global Securities set a $9.00 price target on shares of ASV and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, Roth Capital set a $9.00 price target on shares of ASV and gave the stock a “buy” rating in a research note on Saturday, August 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.06.
The company has a market capitalization of $48.68 million, a price-to-earnings ratio of 22.41 and a beta of -0.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 2.15.
ASV (NASDAQ:ASV) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.10). The business had revenue of $31.86 million for the quarter, compared to analyst estimates of $38.53 million. ASV had a positive return on equity of 2.33% and a negative net margin of 0.21%. As a group, research analysts expect that ASV Holdings Inc will post 0.17 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Shufro Rose & Co. LLC boosted its stake in ASV by 51.7% during the 2nd quarter. Shufro Rose & Co. LLC now owns 132,000 shares of the company’s stock worth $764,000 after purchasing an additional 45,000 shares during the period. Royce & Associates LP boosted its stake in ASV by 81.4% during the 2nd quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock worth $1,584,000 after purchasing an additional 122,800 shares during the period. Finally, First Wilshire Securities Management Inc. lifted its stake in shares of ASV by 10.7% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 576,519 shares of the company’s stock worth $3,338,000 after acquiring an additional 55,709 shares during the period. Hedge funds and other institutional investors own 47.15% of the company’s stock.
About ASV (NASDAQ:ASV)
ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.
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