Zacks Investment Research lowered shares of ASV Holdings Inc (NYSE:ASV) from a buy rating to a hold rating in a research note released on Tuesday 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. “
Separately, Roth Capital set a $12.00 target price on shares of ASV Holdings and gave the company a buy rating in a research note on Tuesday, August 8th.
Shares of ASV Holdings (NYSE ASV) opened at 8.03 on Tuesday. The stock has a 50 day moving average price of $8.08 and a 200-day moving average price of $8.06. The company has a market capitalization of $78.69 million and a PE ratio of 259.03. ASV Holdings has a 12 month low of $7.23 and a 12 month high of $9.56.
ASV Holdings (NYSE:ASV) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $34.24 million for the quarter, compared to analyst estimates of $28.50 million. ASV Holdings had a net margin of 5.12% and a return on equity of 11.75%. Analysts forecast that ASV Holdings will post $0.39 EPS for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in ASV Holdings in the second quarter valued at approximately $182,000. Spark Investment Management LLC acquired a new stake in ASV Holdings in the second quarter valued at approximately $200,000. Neuberger Berman Group LLC acquired a new stake in ASV Holdings in the second quarter valued at approximately $939,000. Royce & Associates LP acquired a new stake in ASV Holdings in the second quarter valued at approximately $1,133,000. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in ASV Holdings in the second quarter valued at approximately $1,877,000.
ASV Holdings Company Profile
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.
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