Zacks Investment Research upgraded shares of ASV (NASDAQ:ASV) from a sell rating to a hold rating in a report published on Monday morning.

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 analysts have also issued reports about the stock. ValuEngine lowered shares of ASV from a hold rating to a sell rating in a research report on Wednesday, September 19th. Barrington Research reiterated a buy rating and set a $9.00 price objective on shares of ASV in a research note on Wednesday, September 26th. Finally, Roth Capital set a $7.00 price objective on shares of ASV and gave the stock a buy rating in a research note on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. ASV presently has an average rating of Hold and a consensus price target of $7.56.

NASDAQ ASV remained flat at $$3.20 on Monday. 2,391 shares of the company’s stock traded hands, compared to its average volume of 21,200. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.21 and a quick ratio of 0.80. ASV has a 1 year low of $1.99 and a 1 year high of $10.80. The company has a market capitalization of $26.26 million, a price-to-earnings ratio of 14.55 and a beta of 2.06.

ASV (NASDAQ:ASV) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. ASV had a negative net margin of 0.15% and a positive return on equity of 2.30%. The firm had revenue of $32.78 million for the quarter, compared to analyst estimates of $34.16 million. As a group, sell-side analysts expect that ASV will post 0.12 EPS for the current fiscal year.

A hedge fund recently raised its stake in ASV stock. First Wilshire Securities Management Inc. grew its stake in ASV Holdings Inc (NASDAQ:ASV) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,519 shares of the company’s stock after purchasing an additional 55,709 shares during the period. First Wilshire Securities Management Inc. owned about 5.86% of ASV worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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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