ASV (NASDAQ:ASV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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, Barrington Research initiated coverage on ASV in a research note on Tuesday, November 21st. They set an “outperform” rating and a $11.25 target price for the company.

Shares of ASV (NASDAQ ASV) traded down $0.19 during midday trading on Tuesday, hitting $9.96. The stock had a trading volume of 28,123 shares, compared to its average volume of 34,000. ASV has a twelve month low of $7.23 and a twelve month high of $10.56. The company has a quick ratio of 0.79, a current ratio of 1.91 and a debt-to-equity ratio of 0.35.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. S Squared Technology LLC acquired a new position in ASV during the 2nd quarter worth $2,526,000. Manatuck Hill Partners LLC acquired a new position in ASV during the 2nd quarter worth $1,915,000. Kennedy Capital Management Inc. acquired a new position in ASV during the 2nd quarter worth $3,161,000. Gilder Gagnon Howe & Co. LLC grew its stake in ASV by 28.4% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,180,515 shares of the company’s stock worth $9,598,000 after purchasing an additional 261,017 shares in the last quarter. Finally, Royce & Associates LP grew its stake in ASV by 8.5% during the 3rd quarter. Royce & Associates LP now owns 150,790 shares of the company’s stock worth $1,230,000 after purchasing an additional 11,800 shares in the last quarter. 41.22% of the stock is owned by hedge funds and other institutional investors.

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About ASV

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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