ASV (ASV) Given a $9.00 Price Target at Roth Capital

Roth Capital set a $9.00 price target on ASV (NASDAQ:ASV) in a research note published on Saturday. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Barrington Research set a $11.00 price objective on ASV and gave the stock a buy rating in a research note on Monday, July 9th. ValuEngine raised ASV from a sell rating to a hold rating in a research note on Friday, July 20th. Finally, Zacks Investment Research raised ASV from a sell rating to a hold rating in a research note on Tuesday, July 17th.

ASV traded down $0.88, hitting $6.50, during midday trading on Friday, Marketbeat.com reports. The stock had a trading volume of 18,668 shares, compared to its average volume of 16,033. ASV has a one year low of $4.75 and a one year high of $10.80. The stock has a market cap of $72.49 million, a P/E ratio of 29.55 and a beta of 0.02. The company has a quick ratio of 0.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.39.

ASV (NASDAQ:ASV) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). ASV had a positive return on equity of 2.33% and a negative net margin of 0.21%. The firm had revenue of $31.86 million during the quarter, compared to the consensus estimate of $38.53 million. sell-side analysts anticipate that ASV will post 0.35 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Shufro Rose & Co. LLC lifted its holdings in ASV by 305.7% during the first quarter. Shufro Rose & Co. LLC now owns 87,000 shares of the company’s stock worth $632,000 after buying an additional 65,554 shares during the period. WealthTrust Axiom LLC purchased a new stake in ASV during the first quarter worth $794,000. Royce & Associates LP lifted its holdings in ASV by 81.4% during the second quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock worth $1,584,000 after buying an additional 122,800 shares during the period. Finally, First Wilshire Securities Management Inc. lifted its holdings in ASV by 49.9% during the first quarter. First Wilshire Securities Management Inc. now owns 520,810 shares of the company’s stock worth $3,781,000 after buying an additional 173,410 shares during the period. Institutional investors own 49.07% of the company’s stock.

About 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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