Aebi Schmidt (NASDAQ:AEBI) Trading Down 7.8% – Here’s What Happened

Aebi Schmidt Holding AG (NASDAQ:AEBI) shares fell 7.8% during trading on Tuesday . The company traded as low as $11.49 and last traded at $11.4650. 103,165 shares were traded during mid-day trading, a decline of 63% from the average session volume of 281,122 shares. The stock had previously closed at $12.43.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AEBI. Weiss Ratings upgraded shares of Aebi Schmidt from a “sell (e)” rating to a “sell (d)” rating in a research note on Friday. DA Davidson reiterated a “buy” rating and issued a $15.00 price target on shares of Aebi Schmidt in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Aebi Schmidt currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Aebi Schmidt Stock Performance

The company has a current ratio of 1.99, a quick ratio of 1.14 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $882.06 million and a PE ratio of 94.88. The stock’s fifty day moving average price is $11.40.

Aebi Schmidt (NASDAQ:AEBI) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $455.55 million during the quarter. Aebi Schmidt had a net margin of 0.48% and a return on equity of 1.19%. As a group, equities research analysts forecast that Aebi Schmidt Holding AG will post 0.65 earnings per share for the current year.

Institutional Trading of Aebi Schmidt

Institutional investors have recently bought and sold shares of the business. Leonteq Securities AG bought a new stake in Aebi Schmidt in the 4th quarter valued at about $33,000. State of Alaska Department of Revenue bought a new stake in Aebi Schmidt in the 4th quarter valued at about $41,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aebi Schmidt in the 4th quarter valued at about $109,000. Cetera Investment Advisers bought a new stake in shares of Aebi Schmidt during the 1st quarter worth approximately $117,000. Finally, Amundi bought a new stake in shares of Aebi Schmidt during the 1st quarter worth approximately $118,000.

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.