ASV (NASDAQ:ASV) Receives Hold Rating from Barrington Research

Barrington Research reiterated their hold rating on shares of ASV (NASDAQ:ASV) in a research report sent to investors on Monday, AnalystRatings.com reports.

“and continued challenges in the supply chain partially offset this growth. Adjusted EBITDA was $2.2 million (6.1% margin), slightly below our estimate of $2.4 million, compared to adjusted EBITDA of $2.2 million (6.9% margin) during Q2/18. Margins in the quarter benefited from a $2.3 million quarterly benefit from pricing increases and cost reductions. ASV reported adjusted net income of $0.3 million, or $0.03 per share, slightly below our estimate of $0.04.”,” the firm’s analyst commented.

Several other brokerages have also weighed in on ASV. ValuEngine upgraded shares of ASV from a buy rating to a strong-buy rating in a report on Thursday, June 27th. Zacks Investment Research upgraded shares of ASV from a sell rating to a hold rating in a report on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $7.00.

NASDAQ:ASV opened at $7.01 on Monday. The stock has a market cap of $69.37 million, a price-to-earnings ratio of 58.42 and a beta of 5.85. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.82 and a current ratio of 2.48. The company has a 50-day moving average price of $5.90. ASV has a 12-month low of $1.46 and a 12-month high of $8.13.

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG purchased a new position in shares of ASV during the 4th quarter worth about $26,000. Gamco Investors INC. ET AL purchased a new position in shares of ASV during the 2nd quarter worth about $82,000. Shufro Rose & Co. LLC lifted its holdings in shares of ASV by 27.7% during the 1st quarter. Shufro Rose & Co. LLC now owns 146,867 shares of the company’s stock worth $404,000 after acquiring an additional 31,900 shares during the period. S. Muoio & CO. LLC purchased a new position in shares of ASV during the 2nd quarter worth about $498,000. Finally, WealthTrust Axiom LLC lifted its holdings in shares of ASV by 5.7% during the 1st quarter. WealthTrust Axiom LLC now owns 221,158 shares of the company’s stock worth $608,000 after acquiring an additional 11,900 shares during the period. Institutional investors and hedge funds own 39.25% 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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