ASV (ASV) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of ASV (NASDAQ:ASV) from a sell rating to a hold rating in a report released on Thursday, April 11th, ValuEngine reports.

Several other equities analysts have also recently commented on ASV. Zacks Investment Research upgraded shares of ASV from a sell rating to a hold rating in a research note on Monday, January 7th. Barrington Research reiterated a buy rating and set a $5.00 target price on shares of ASV in a research note on Thursday, February 7th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $7.00.

ASV stock traded down $0.13 during trading hours on Thursday, hitting $2.22. The company’s stock had a trading volume of 5,060 shares, compared to its average volume of 13,099. The company has a quick ratio of 0.75, a current ratio of 2.02 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $21.97 million, a price-to-earnings ratio of 111.00 and a beta of 2.84. ASV has a 12 month low of $1.99 and a 12 month high of $8.13.

ASV (NASDAQ:ASV) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The business had revenue of $27.34 million during the quarter, compared to analysts’ expectations of $28.49 million. ASV had a negative net margin of 26.04% and a positive return on equity of 0.33%. On average, research analysts expect that ASV will post 0.14 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in ASV. WealthTrust Axiom LLC raised its stake in shares of ASV by 77.6% in the 4th quarter. WealthTrust Axiom LLC now owns 209,258 shares of the company’s stock valued at $418,000 after buying an additional 91,458 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in shares of ASV by 27.7% in the 1st quarter. Shufro Rose & Co. LLC now owns 146,867 shares of the company’s stock valued at $404,000 after buying an additional 31,900 shares in the last quarter. Royce & Associates LP raised its stake in shares of ASV by 8.3% in the 4th quarter. Royce & Associates LP now owns 296,390 shares of the company’s stock valued at $593,000 after buying an additional 22,800 shares in the last quarter. First Wilshire Securities Management Inc. raised its stake in shares of ASV by 3.3% in the 4th quarter. First Wilshire Securities Management Inc. now owns 601,938 shares of the company’s stock valued at $1,204,000 after buying an additional 19,492 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of ASV in the 4th quarter worth about $26,000. Institutional investors own 39.95% of the company’s stock.

ASV Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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