StockNews.com Initiates Coverage on Avalon (NYSE:AWX)

Stock analysts at StockNews.com assumed coverage on shares of Avalon (NYSE:AWX) in a note issued to investors on Friday. The firm set a “hold” rating on the stock.

Avalon Trading Down 5.1 %

Shares of AWX stock opened at $2.57 on Friday. Avalon has a 12-month low of $1.90 and a 12-month high of $2.75. The company has a market capitalization of $10.03 million, a P/E ratio of 257.16 and a beta of 0.80. The firm has a 50-day moving average price of $2.60 and a 200 day moving average price of $2.39. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.91.

Avalon (NYSE:AWX) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter. Avalon had a net margin of 0.03% and a return on equity of 0.08%. The firm had revenue of $23.06 million during the quarter.

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.