Limbach Holdings, Inc. (LMB) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Limbach Holdings, Inc. (NYSE:LMB) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Limbach Holdings, Inc. provides building systems. The Company engineers, constructs and services the mechanical, plumbing, air conditioning, heating, building automation, electrical and control systems. Limbach Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “

Separately, Roth Capital set a $18.00 target price on Limbach Holdings and gave the company a buy rating in a report on Friday, August 18th.

Limbach Holdings (NYSE LMB) opened at 12.98 on Tuesday. The stock has a 50 day moving average price of $12.79 and a 200 day moving average price of $12.90. The firm’s market cap is $96.75 million. Limbach Holdings has a 52 week low of $11.14 and a 52 week high of $16.20.

Limbach Holdings (NYSE:LMB) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $117.84 million during the quarter, compared to analyst estimates of $115.50 million. Equities research analysts expect that Limbach Holdings will post $0.38 EPS for the current year.

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A hedge fund recently raised its stake in Limbach Holdings stock. Silver Capital Management LLC boosted its position in Limbach Holdings, Inc. (NYSE:LMB) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,236 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. Silver Capital Management LLC owned 0.19% of Limbach Holdings worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

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