Custom Truck One Source (NYSE:CTOS) Trading Up 4.3% – What’s Next?

Custom Truck One Source, Inc. (NYSE:CTOS) shot up 4.3% during mid-day trading on Friday . The company traded as high as $5.11 and last traded at $5.11. 83,982 shares were traded during trading, a decline of 86% from the average session volume of 604,886 shares. The stock had previously closed at $4.90.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased their price objective on Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.63.

Custom Truck One Source Trading Up 0.6 %

The business’s 50-day simple moving average is $4.75 and its two-hundred day simple moving average is $4.37. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -30.81 and a beta of 0.78. The company has a quick ratio of 0.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.87.

Custom Truck One Source (NYSE:CTOS) last posted its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The company had revenue of $447.22 million during the quarter, compared to analyst estimates of $448.46 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts forecast that Custom Truck One Source, Inc. will post -0.21 earnings per share for the current year.

Institutional Trading of Custom Truck One Source

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. purchased a new position in shares of Custom Truck One Source in the second quarter valued at approximately $47,000. Intech Investment Management LLC purchased a new position in Custom Truck One Source in the 3rd quarter valued at approximately $56,000. SG Americas Securities LLC purchased a new position in Custom Truck One Source in the 3rd quarter valued at approximately $64,000. FMR LLC grew its stake in shares of Custom Truck One Source by 1,234.8% in the third quarter. FMR LLC now owns 28,846 shares of the company’s stock worth $100,000 after acquiring an additional 26,685 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Custom Truck One Source by 20.5% during the third quarter. D.A. Davidson & CO. now owns 29,240 shares of the company’s stock worth $101,000 after acquiring an additional 4,975 shares during the period. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).