Several other brokerages have also weighed in on ASV. Barrington Research restated a “buy” rating and set a $5.00 target price on shares of ASV in a research report on Thursday, February 7th. Zacks Investment Research upgraded shares of ASV from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. ASV currently has an average rating of “Hold” and an average target price of $7.00.
Shares of NASDAQ:ASV opened at $2.15 on Wednesday. ASV has a one year low of $1.99 and a one year high of $8.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 0.82. The stock has a market capitalization of $23.26 million, a PE ratio of 17.92 and a beta of 2.84.ASV (NASDAQ:ASV) last announced its earnings results on Thursday, May 2nd. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. ASV had a negative net margin of 26.04% and a positive return on equity of 0.36%. The business had revenue of $27.34 million during the quarter, compared to analysts’ expectations of $28.49 million. As a group, sell-side analysts predict that ASV will post 0.14 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. WealthTrust Axiom LLC increased its position in shares of ASV by 77.6% in the fourth quarter. WealthTrust Axiom LLC now owns 209,258 shares of the company’s stock worth $418,000 after acquiring an additional 91,458 shares in the last quarter. Beddow Capital Management Inc. increased its position in shares of ASV by 23.8% in the fourth quarter. Beddow Capital Management Inc. now owns 26,032 shares of the company’s stock worth $52,000 after acquiring an additional 5,000 shares in the last quarter. Royce & Associates LP increased its position in shares of ASV by 8.3% in the fourth quarter. Royce & Associates LP now owns 296,390 shares of the company’s stock worth $593,000 after acquiring an additional 22,800 shares in the last quarter. Quantum Capital Management increased its position in shares of ASV by 100.7% in the fourth quarter. Quantum Capital Management now owns 20,667 shares of the company’s stock worth $41,000 after acquiring an additional 10,372 shares in the last quarter. Finally, First Wilshire Securities Management Inc. increased its position in shares of ASV by 3.3% in the fourth quarter. First Wilshire Securities Management Inc. now owns 601,938 shares of the company’s stock worth $1,204,000 after acquiring an additional 19,492 shares in the last quarter. 39.95% of the stock is currently owned by institutional investors and hedge funds.
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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