ASV (ASV) Sets New 1-Year Low on Analyst Downgrade

ASV Holdings Inc (NASDAQ:ASV) hit a new 52-week low on Friday after ValuEngine downgraded the stock from a hold rating to a sell rating. The company traded as low as $2.93 and last traded at $3.23, with a volume of 93324 shares. The stock had previously closed at $3.05.

ASV has been the subject of a number of other reports. Barrington Research set a $11.00 price target on shares of ASV and gave the company a “buy” rating in a report on Monday, July 9th. Zacks Investment Research upgraded shares of ASV from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Roth Capital set a $9.00 price target on shares of ASV and gave the company a “buy” rating in a report on Saturday, August 11th. Finally, Seaport Global Securities set a $9.00 price target on shares of ASV and gave the company a “buy” rating in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. ASV has a consensus rating of “Hold” and a consensus price target of $8.06.

A number of large investors have recently bought and sold shares of ASV. Royce & Associates LP raised its holdings in ASV by 81.4% during the 2nd quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock valued at $1,584,000 after buying an additional 122,800 shares during the last quarter. First Wilshire Securities Management Inc. raised its holdings in ASV by 10.7% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 576,519 shares of the company’s stock valued at $3,338,000 after buying an additional 55,709 shares during the last quarter. Finally, Shufro Rose & Co. LLC raised its holdings in ASV by 51.7% during the 2nd quarter. Shufro Rose & Co. LLC now owns 132,000 shares of the company’s stock valued at $764,000 after buying an additional 45,000 shares during the last quarter. Institutional investors own 47.15% of the company’s stock.

The company has a current ratio of 2.15, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The firm has a market cap of $31.76 million, a P/E ratio of 14.68 and a beta of 1.60.

ASV (NASDAQ:ASV) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $32.78 million for the quarter, compared to the consensus estimate of $34.16 million. ASV had a negative net margin of 0.15% and a positive return on equity of 2.30%. On average, equities analysts expect that ASV Holdings Inc will post 0.16 EPS for the current year.

ASV Company Profile (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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