ASV (NASDAQ:ASV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

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. “

Other equities research analysts have also issued reports about the stock. ValuEngine upgraded shares of ASV from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Barrington Research reiterated a “hold” rating on shares of ASV in a research report on Monday, August 5th.

Shares of NASDAQ:ASV remained flat at $$7.04 during midday trading on Tuesday. The stock had a trading volume of 2,489 shares, compared to its average volume of 22,851. The company has a quick ratio of 0.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $69.83 million, a P/E ratio of 58.67 and a beta of 5.76. ASV has a 52 week low of $1.46 and a 52 week high of $7.06. The stock’s fifty day simple moving average is $7.01 and its two-hundred day simple moving average is $4.17.

ASV (NASDAQ:ASV) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $36.02 million for the quarter, compared to analyst estimates of $34.09 million. ASV had a positive return on equity of 0.33% and a negative net margin of 25.62%. Equities analysts predict that ASV will post 0.16 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC grew its stake in shares of ASV by 2.2% in the second quarter. Pacific Ridge Capital Partners LLC now owns 590,897 shares of the company’s stock valued at $4,048,000 after buying an additional 12,769 shares in the last quarter. Vanguard Group Inc. boosted its stake in ASV by 345.6% in the 2nd quarter. Vanguard Group Inc. now owns 236,393 shares of the company’s stock valued at $1,619,000 after purchasing an additional 183,338 shares during the period. Gabelli Funds LLC acquired a new position in ASV in the 2nd quarter valued at $632,000. S. Muoio & CO. LLC bought a new position in ASV during the 2nd quarter worth $498,000. Finally, Deutsche Bank AG bought a new position in ASV during the 4th quarter worth $26,000. 37.37% of the stock is owned by institutional investors.

About ASV

ASV Holdings, Inc designs and manufactures compact construction equipment in North America, Australia, and New Zealand. It offers compact track loader and skid steer loader equipment under the ASV and Terex brands. The company also offers private label original equipment manufacturing services; and pre-and post-sale dealer support, after-sale technical support, and replacement parts.

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