ASV Holdings Inc’s (ASV) Lock-Up Period Will End on November 8th
ASV Holdings’ (NYSE:ASV) lock-up period will end on Wednesday, November 8th. ASV Holdings had issued 3,800,000 shares in its public offering on May 12th. The total size of the offering was $26,600,000 based on an initial share price of $7.00. After the end of ASV Holdings’ lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
A number of research firms recently weighed in on ASV. Zacks Investment Research downgraded ASV Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Roth Capital set a $12.00 target price on ASV Holdings and gave the stock a “buy” rating in a research report on Tuesday, August 8th.
Shares of ASV Holdings (NYSE:ASV) traded up 1.65% during mid-day trading on Wednesday, reaching $8.00. The company’s stock had a trading volume of 4,114 shares. The company has a 50-day moving average price of $8.05 and a 200 day moving average price of $8.06. ASV Holdings has a 52-week low of $7.23 and a 52-week high of $9.56. The company has a market cap of $78.40 million and a PE ratio of 258.06.
ASV Holdings (NYSE:ASV) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. The business had revenue of $34.24 million during the quarter, compared to analyst estimates of $28.50 million. ASV Holdings had a return on equity of 11.75% and a net margin of 5.12%. Equities analysts expect that ASV Holdings will post $0.38 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Manatuck Hill Partners LLC bought a new stake in shares of ASV Holdings in the 2nd quarter valued at approximately $1,915,000. Goldman Sachs Group Inc. bought a new stake in shares of ASV Holdings in the 2nd quarter valued at approximately $182,000. S Squared Technology LLC bought a new stake in shares of ASV Holdings in the 2nd quarter valued at approximately $2,526,000. Kennedy Capital Management Inc. bought a new stake in shares of ASV Holdings in the 2nd quarter valued at approximately $3,161,000. Finally, Pacific Ridge Capital Partners LLC bought a new stake in shares of ASV Holdings in the 2nd quarter valued at approximately $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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