ASV (ASV) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of ASV (NASDAQ:ASV) from a sell rating to a hold rating in a report issued on Monday morning.

According to Zacks, “ASV Holdings Inc. is a designer and manufacturer of compact construction equipment which consists of loader and skid steer loader equipment. It operates primarily in North America, Australia and New Zealand. ASV Holdings Inc. is based in Grand Rapids, United States. “

Several other analysts also recently commented on the stock. Barrington Research set a $9.00 price objective on shares of ASV and gave the stock a buy rating in a research report on Tuesday, October 23rd. Roth Capital set a $7.00 price objective on shares of ASV and gave the stock a buy rating in a research report on Monday, November 5th. Finally, ValuEngine raised shares of ASV from a sell rating to a hold rating in a research report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $7.56.

ASV stock remained flat at $$3.20 during mid-day trading on Monday. 2,391 shares of the company’s stock traded hands, compared to its average volume of 21,200. The company has a current ratio of 2.21, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. ASV has a 52-week low of $1.99 and a 52-week high of $10.80. The company has a market cap of $26.26 million, a price-to-earnings ratio of 14.55 and a beta of 2.06.

ASV (NASDAQ:ASV) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. ASV had a negative net margin of 0.15% and a positive return on equity of 2.30%. The firm had revenue of $32.78 million during the quarter, compared to analyst estimates of $34.16 million. Equities research analysts expect that ASV will post 0.12 EPS for the current fiscal year.

An institutional investor recently raised its position in ASV stock. First Wilshire Securities Management Inc. boosted its holdings in ASV Holdings Inc (NASDAQ:ASV) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 576,519 shares of the company’s stock after purchasing an additional 55,709 shares during the quarter. First Wilshire Securities Management Inc. owned about 5.86% of ASV worth $3,338,000 at the end of the most recent quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

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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