Aebi Schmidt (NASDAQ:AEBI) Shares Down 7.6% – What’s Next?

Aebi Schmidt Holding AG (NASDAQ:AEBI) was down 7.6% during mid-day trading on Monday . The stock traded as low as $10.74 and last traded at $10.78. Approximately 124,381 shares changed hands during trading, a decline of 54% from the average daily volume of 272,169 shares. The stock had previously closed at $11.67.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AEBI shares. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Aebi Schmidt in a report on Friday, March 27th. DA Davidson reaffirmed a “buy” rating and set a $15.00 price objective on shares of Aebi Schmidt in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aebi Schmidt currently has a consensus rating of “Hold” and an average price target of $15.00.

Aebi Schmidt Stock Performance

The company has a market cap of $846.31 million and a PE ratio of 21.86. The stock’s 50 day simple moving average is $12.00. The company has a quick ratio of 1.15, a current ratio of 1.90 and a debt-to-equity ratio of 0.67.

Aebi Schmidt (NASDAQ:AEBI) last released its earnings results on Friday, March 20th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The company had revenue of $528.37 million for the quarter. Aebi Schmidt had a net margin of 0.64% and a return on equity of 1.65%. On average, equities research analysts anticipate that Aebi Schmidt Holding AG will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aebi Schmidt

Several large investors have recently bought and sold shares of the stock. Medina Value Partners LLC raised its stake in Aebi Schmidt by 22.8% during the 4th quarter. Medina Value Partners LLC now owns 1,432,510 shares of the company’s stock valued at $18,121,000 after purchasing an additional 265,838 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Aebi Schmidt by 63.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 934,224 shares of the company’s stock valued at $11,818,000 after purchasing an additional 363,890 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Aebi Schmidt by 2.4% in the 4th quarter. Russell Investments Group Ltd. now owns 701,958 shares of the company’s stock valued at $8,880,000 after buying an additional 16,600 shares in the last quarter. CSM Advisors LLC raised its stake in shares of Aebi Schmidt by 16.2% in the 4th quarter. CSM Advisors LLC now owns 494,852 shares of the company’s stock valued at $6,259,000 after buying an additional 69,021 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of Aebi Schmidt by 57.6% in the 4th quarter. Kennedy Capital Management LLC now owns 456,087 shares of the company’s stock valued at $5,770,000 after buying an additional 166,709 shares in the last quarter.

Aebi Schmidt Company Profile

Aebi Schmidt is a Swiss-based company that designs, manufactures and services specialized equipment for municipal and commercial surface maintenance. The company’s offerings focus on machines and attachment systems used for snow-clearing, street sweeping, vegetation management, and related upkeep of roads, paths and public spaces. Aebi Schmidt supplies complete vehicle systems as well as modular implements that can be mounted on carriers for year?round use.

Product lines typically include multi?purpose maintenance vehicles, snowplows and salt spreaders, street sweepers, mowers and verge management tools, plus a range of hydraulic attachments and consumable parts.