Zacks Investment Research Lowers ASV Holdings Inc (ASV) to Hold
ASV Holdings Inc (NYSE:ASV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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 price objective on ASV Holdings and gave the stock a “buy” rating in a report on Tuesday, August 8th.
ASV Holdings (NYSE ASV) traded down 0.85% on Tuesday, hitting $8.16. The stock had a trading volume of 18,739 shares. ASV Holdings has a 52 week low of $7.23 and a 52 week high of $9.56. The company’s market capitalization is $79.97 million. The firm has a 50-day moving average of $8.09 and a 200 day moving average of $8.06.
ASV Holdings (NYSE:ASV) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. ASV Holdings had a return on equity of 11.75% and a net margin of 5.12%. The company had revenue of $34.24 million during the quarter, compared to analyst estimates of $28.50 million. On average, analysts predict that ASV Holdings will post $0.34 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the business. Manatuck Hill Partners LLC bought a new stake in ASV Holdings during the second quarter valued at about $1,915,000. Goldman Sachs Group Inc. bought a new stake in ASV Holdings during the second quarter valued at about $182,000. S Squared Technology LLC bought a new stake in ASV Holdings during the second quarter valued at about $2,526,000. Kennedy Capital Management Inc. bought a new stake in ASV Holdings during the second quarter valued at about $3,161,000. Finally, Pacific Ridge Capital Partners LLC bought a new stake in ASV Holdings during the second quarter valued at about $1,877,000.
About ASV Holdings
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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