Roth Capital set a $18.00 price objective on Limbach Holdings, Inc. (NASDAQ:LMB) in a research report released on Monday morning. The firm currently has a buy rating on the construction company’s stock.
Separately, Zacks Investment Research lowered Limbach Holdings from a hold rating to a sell rating in a research note on Tuesday, August 29th.
Limbach Holdings (NASDAQ:LMB) traded down $0.41 during midday trading on Monday, hitting $12.95. The company’s stock had a trading volume of 4,300 shares, compared to its average volume of 12,259. Limbach Holdings has a twelve month low of $11.14 and a twelve month high of $16.05. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.39.
Limbach Holdings (NASDAQ:LMB) last announced its quarterly earnings results on Monday, August 14th. The construction company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). Limbach Holdings had a negative net margin of 0.50% and a positive return on equity of 0.53%. The business had revenue of $117.84 million during the quarter, compared to analysts’ expectations of $115.50 million. analysts forecast that Limbach Holdings will post 0.38 EPS for the current year.
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About Limbach Holdings
Limbach Holdings, Inc provides commercial specialty contractor services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of HVAC (heating, ventilation, and air-conditioning), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.
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