Limbach Holdings Inc (NASDAQ:LMB) shot up 5.2% during trading on Friday . The stock traded as high as $5.20 and last traded at $5.09, 242,559 shares traded hands during mid-day trading. An increase of 244% from the average session volume of 70,485 shares. The stock had previously closed at $4.84.
Several research firms have recently commented on LMB. TheStreet raised shares of Limbach from a “d+” rating to a “c” rating in a research note on Wednesday, May 29th. Zacks Investment Research lowered shares of Limbach from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th.
The business’s 50 day moving average is $8.53 and its 200-day moving average is $7.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $64.20 million, a PE ratio of -9.79, a P/E/G ratio of 0.49 and a beta of 1.48.
Limbach (NASDAQ:LMB) last issued its quarterly earnings results on Wednesday, August 14th. The construction company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.32). Limbach had a return on equity of 5.95% and a net margin of 0.49%. The firm had revenue of $132.75 million during the quarter, compared to analysts’ expectations of $138.00 million. As a group, sell-side analysts predict that Limbach Holdings Inc will post 1.07 EPS for the current fiscal year.
In related news, Director 1347 Investors Llc sold 25,000 shares of Limbach stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.11, for a total value of $277,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,104,547 shares of company stock valued at $11,244,790 in the last quarter. 41.90% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in Limbach by 438.4% during the second quarter. Advisor Group Inc. now owns 2,886 shares of the construction company’s stock worth $26,000 after purchasing an additional 2,350 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Limbach by 690.0% during the second quarter. JPMorgan Chase & Co. now owns 7,900 shares of the construction company’s stock worth $65,000 after purchasing an additional 6,900 shares in the last quarter. BlackRock Inc. raised its holdings in Limbach by 70.0% during the fourth quarter. BlackRock Inc. now owns 22,989 shares of the construction company’s stock worth $85,000 after purchasing an additional 9,470 shares in the last quarter. Bailard Inc. acquired a new stake in Limbach during the second quarter worth approximately $194,000. Finally, Marshall Wace LLP acquired a new stake in Limbach during the second quarter worth approximately $261,000. Institutional investors own 27.69% of the company’s stock.
About Limbach (NASDAQ:LMB)
Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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