ASV (ASV) Given a $9.00 Price Target at Roth Capital

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ASV (NASDAQ:ASV) has been given a $9.00 target price by stock analysts at Roth Capital in a note issued to investors on Saturday. The firm currently has a “buy” rating on the stock. Roth Capital’s price target would suggest a potential upside of 38.46% from the company’s previous close.

ASV has been the topic of a number of other reports. Barrington Research set a $11.00 target price on shares of ASV and gave the company a “buy” rating in a report on Monday, July 9th. ValuEngine upgraded shares of ASV from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research upgraded shares of ASV from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th.

ASV stock traded down $0.88 during midday trading on Friday, reaching $6.50. 18,668 shares of the company were exchanged, compared to its average volume of 16,033. The company has a current ratio of 2.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. ASV has a 1-year low of $4.75 and a 1-year high of $10.80. The stock has a market cap of $72.49 million, a P/E ratio of 29.55 and a beta of 0.02.

ASV (NASDAQ:ASV) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $38.53 million. equities research analysts predict that ASV will post 0.35 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Shufro Rose & Co. LLC grew its holdings in shares of ASV by 51.7% during the 2nd 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 period. WealthTrust Axiom LLC purchased a new position in ASV in the 1st quarter worth approximately $794,000. Royce & Associates LP boosted its holdings in ASV by 81.4% in the 2nd quarter. Royce & Associates LP now owns 273,590 shares of the company’s stock worth $1,584,000 after acquiring an additional 122,800 shares during the period. Finally, First Wilshire Securities Management Inc. boosted its holdings in ASV by 49.9% in the 1st quarter. First Wilshire Securities Management Inc. now owns 520,810 shares of the company’s stock worth $3,781,000 after acquiring an additional 173,410 shares during the period. Institutional investors and hedge funds own 49.07% of the company’s stock.

ASV Company Profile

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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