Accelevation Holdings Corp. (NASDAQ:ACCV – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $11.24 and last traded at $11.38, with a volume of 989,197 shares trading hands. The stock had previously closed at $14.11.
Wall Street Analyst Weigh In
Several analysts recently commented on ACCV shares. William Blair set a $20.00 price target on shares of Accelevation in a research report on Monday, October 26th. Bank of America assumed coverage on shares of Accelevation in a research note on Monday, October 26th. They set a “buy” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Accelevation in a research report on Monday, October 26th. They set an “overweight” rating and a $20.00 target price on the stock. The Goldman Sachs Group began coverage on Accelevation in a research note on Monday, October 26th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Robert W. Baird initiated coverage on Accelevation in a report on Monday, October 26th. They issued an “outperform” rating and a $16.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.43.
Check Out Our Latest Analysis on Accelevation
Accelevation Stock Down 23.7%
Insiders Place Their Bets
In other news, Director Howard C. Heckes acquired 5,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were bought at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately $90,000. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul D. Donahue acquired 7,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average price of $18.00 per share, for a total transaction of $126,000.00. Following the completion of the acquisition, the director owned 7,000 shares in the company, valued at $126,000. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 227,700 shares of company stock valued at $4,098,600.
Accelevation Company Profile
Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.
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