ASV (ASV) Hits New 52-Week Low at $4.05

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Shares of ASV Holdings Inc (NASDAQ:ASV) hit a new 52-week low on Friday . The stock traded as low as $4.05 and last traded at $4.10, with a volume of 10550 shares changing hands. The stock had previously closed at $4.29.

Several brokerages have recently weighed in on ASV. Zacks Investment Research upgraded ASV from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Seaport Global Securities set a $9.00 target price on ASV and gave the company a “buy” rating in a research note on Monday, August 13th. ValuEngine raised shares of ASV from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Roth Capital set a $9.00 price target on shares of ASV and gave the stock a “buy” rating in a research report on Saturday, August 11th. Finally, Barrington Research set a $11.00 price target on shares of ASV and gave the stock a “buy” rating in a research report on Monday, July 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.06.

The company has a current ratio of 2.15, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $44.25 million, a P/E ratio of 18.14 and a beta of -0.33.

ASV (NASDAQ:ASV) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.03 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 company had revenue of $31.86 million for the quarter, compared to the consensus estimate of $38.53 million. Sell-side analysts predict that ASV Holdings Inc will post 0.16 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of ASV. Royce & Associates LP lifted its position in shares of 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 purchasing an additional 122,800 shares during the last quarter. First Wilshire Securities Management Inc. lifted its position in shares of ASV by 10.7% during the second quarter. First Wilshire Securities Management Inc. now owns 576,519 shares of the company’s stock worth $3,338,000 after purchasing an additional 55,709 shares during the last quarter. Finally, Shufro Rose & Co. LLC lifted its position in shares of ASV by 51.7% during the second quarter. Shufro Rose & Co. LLC now owns 132,000 shares of the company’s stock worth $764,000 after purchasing an additional 45,000 shares during the last quarter. 47.15% of the stock is currently owned by institutional investors and hedge funds.

About ASV (NASDAQ: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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