A.S.V. (NASDAQ:ASV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
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. “
A.S.V. stock opened at $8.21 on Thursday. A.S.V. has a fifty-two week low of $6.60 and a fifty-two week high of $10.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.79 and a current ratio of 1.91.
A.S.V. (NASDAQ:ASV) last posted its earnings results on Thursday, March 22nd. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.08. A.S.V. had a negative return on equity of 0.78% and a net margin of 0.33%. The company had revenue of $30.46 million for the quarter, compared to analyst estimates of $32.36 million. sell-side analysts predict that A.S.V. will post 0.23 EPS for the current year.
In related news, major shareholder Manitex International, Inc. sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $7.00, for a total transaction of $7,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently raised its stake in A.S.V. stock. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of A.S.V., Inc. (NASDAQ:ASV) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,211,662 shares of the company’s stock after acquiring an additional 31,147 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 12.36% of A.S.V. worth $12,298,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 41.45% of the company’s stock.
ASV Holdings, Inc (ASV) is engaged in designing and manufacturing a range of compact track loader (CTL) and skid steer loader (SSL) equipment for construction, agricultural and forestry industries. The Company manufactures Posi-Track, rubber-tracked CTLs with multi-level suspension. CTLs are compact tracked vehicles with lift arms that functions in wet, muddy, snowy or harsh conditions and where there are slopes and grades, such as in a construction, agriculture or forestry environment.
Receive News & Ratings for A.S.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.S.V. and related companies with MarketBeat.com's FREE daily email newsletter.