Limbach (LMB) Hits New 12-Month Low at $5.55

Limbach Holdings Inc (NASDAQ:LMB) shares hit a new 52-week low during trading on Friday . The stock traded as low as $5.55 and last traded at $6.03, with a volume of 300 shares. The stock had previously closed at $8.34.

Separately, Zacks Investment Research raised Limbach from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th.

The firm has a market cap of $66.12 million, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.33 and a beta of 0.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Tuesday, August 14th. The construction company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.22). The company had revenue of $139.53 million for the quarter, compared to the consensus estimate of $130.00 million. Limbach had a negative net margin of 0.09% and a positive return on equity of 2.71%. On average, equities analysts anticipate that Limbach Holdings Inc will post 0.41 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Limbach by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 510,351 shares of the construction company’s stock valued at $5,752,000 after buying an additional 14,416 shares in the last quarter. Acuitas Investments LLC increased its stake in shares of Limbach by 52.2% in the third quarter. Acuitas Investments LLC now owns 249,142 shares of the construction company’s stock valued at $2,808,000 after buying an additional 85,443 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Limbach by 47.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 17,276 shares of the construction company’s stock valued at $195,000 after buying an additional 5,521 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Limbach by 169.6% in the second quarter. Renaissance Technologies LLC now owns 36,400 shares of the construction company’s stock valued at $430,000 after buying an additional 22,900 shares in the last quarter. 33.89% of the stock is owned by institutional investors.

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Limbach Company Profile (NASDAQ:LMB)

Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades.

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