Avalon (NYSE:AWX) Shares Down 0.2% – Here’s What Happened

Avalon Holdings Co. (NYSE:AWX)’s share price was down 0.2% during trading on Tuesday . The stock traded as low as $2.47 and last traded at $2.5150. Approximately 17,064 shares traded hands during trading, an increase of 163% from the average daily volume of 6,499 shares. The stock had previously closed at $2.52.

Avalon Stock Down 0.2%

The firm’s 50-day simple moving average is $2.55 and its 200 day simple moving average is $2.61. The company has a market cap of $9.81 million, a P/E ratio of 10.06 and a beta of 0.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.88 and a current ratio of 0.97.

Institutional Trading of Avalon

A hedge fund recently bought a new stake in Avalon stock. DRW Securities LLC bought a new stake in shares of Avalon Holdings Co. (NYSE:AWX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 20,811 shares of the company’s stock, valued at approximately $56,000. DRW Securities LLC owned about 0.53% of Avalon as of its most recent filing with the SEC. Hedge funds and other institutional investors own 34.44% of the company’s stock.

About Avalon

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal, and governmental customers in the United States. It operates in Waste Management Services, and Golf and Related Operations segments. The Waste Management Services segment offers hazardous and nonhazardous waste disposal brokerage and management services; captive landfill management services; and turnkey services, including daily operations, facilities management, and management reporting. This segment also engages in the salt water injection well operations; and sale of construction mats.