A.S.V., Inc. (NASDAQ:ASV) – Barrington Research upped their Q2 2018 earnings per share estimates for shares of A.S.V. in a report released on Tuesday, March 27th, Zacks Investment Research reports. Barrington Research analyst M. Gall now expects that the company will post earnings per share of $0.20 for the quarter, up from their previous estimate of $0.16.
Separately, Zacks Investment Research cut shares of A.S.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.
A.S.V. stock remained flat at $$8.00 during midday trading on Wednesday. 438 shares of the company’s stock traded hands, compared to its average volume of 11,273. The firm has a market cap of $79.41 and a PE ratio of 36.36. The company has a quick ratio of 0.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.38. A.S.V. has a twelve month low of $6.45 and a twelve month high of $10.80.
A.S.V. (NASDAQ:ASV) last issued its quarterly earnings data on Thursday, March 22nd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.08. A.S.V. had a net margin of 1.39% and a return on equity of 3.43%. The business had revenue of $30.46 million during the quarter, compared to analysts’ expectations of $32.36 million.
A hedge fund recently raised its stake in A.S.V. stock. Royce & Associates LP boosted its holdings in shares of A.S.V., Inc. (NASDAQ:ASV) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,790 shares of the company’s stock after acquiring an additional 11,800 shares during the quarter. Royce & Associates LP owned 1.54% of A.S.V. worth $1,230,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 41.41% of the company’s stock.
In related news, major shareholder Manitex International, Inc. sold 1,000,000 shares of A.S.V. stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $7.00, for a total transaction of $7,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
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ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
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