Avalon (NYSE:AWX) Stock Price Up 0.8% – Here’s What Happened

Avalon Holdings Co. (NYSE:AWX) shot up 0.8% on Thursday . The company traded as high as $2.60 and last traded at $2.53. Approximately 12,428 shares were traded during mid-day trading, an increase of 100% from the average session volume of 6,228 shares. The stock had previously closed at $2.51.

Avalon Stock Up 0.3%

The company has a quick ratio of 0.88, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $2.54 and a 200-day simple moving average of $2.58. The company has a market cap of $9.97 million, a PE ratio of 10.23 and a beta of 0.62.

Hedge Funds Weigh In On Avalon

A hedge fund recently bought a new stake in Avalon stock. DRW Securities LLC purchased a new stake in Avalon Holdings Co. (NYSE:AWX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 20,811 shares of the company’s stock, valued at approximately $56,000. DRW Securities LLC owned approximately 0.53% of Avalon at the end of the most recent quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

About Avalon

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal, and governmental customers in the United States. It operates in Waste Management Services, and Golf and Related Operations segments. The Waste Management Services segment offers hazardous and nonhazardous waste disposal brokerage and management services; captive landfill management services; and turnkey services, including daily operations, facilities management, and management reporting. This segment also engages in the salt water injection well operations; and sale of construction mats.