Custom Truck One Source (NYSE:CTOS) Stock Price Down 5.5% - Time to Sell?

Shares of Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report) traded down 5.5% during trading on Monday . The company traded as low as $4.66 and last traded at $4.66. 79,487 shares were traded during mid-day trading, a decline of 87% from the average session volume of 608,852 shares. The stock had previously closed at $4.93.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer decreased their target price on shares of Custom Truck One Source from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.63.

Custom Truck One Source Stock Down 3.7 %

The firm has a market capitalization of $1.11 billion, a P/E ratio of -29.69 and a beta of 0.78. The firm's 50 day moving average is $4.75 and its two-hundred day moving average is $4.37. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.28 and a quick ratio of 0.19.

Custom Truck One Source (NYSE:CTOS - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Custom Truck One Source had a negative net margin of 2.22% and a negative return on equity of 4.57%. The firm had revenue of $447.22 million during the quarter, compared to the consensus estimate of $448.46 million. During the same period in the previous year, the company posted $0.04 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that Custom Truck One Source, Inc. will post -0.21 EPS for the current year.

Hedge Funds Weigh In On Custom Truck One Source

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Custom Truck One Source by 190.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,934,780 shares of the company's stock worth $21,466,000 after buying an additional 3,234,586 shares during the period. Black Diamond Financial LLC boosted its holdings in shares of Custom Truck One Source by 906.8% during the third quarter. Black Diamond Financial LLC now owns 1,427,000 shares of the company's stock worth $4,923,000 after acquiring an additional 1,285,265 shares during the period. Maven Securities LTD acquired a new position in shares of Custom Truck One Source in the second quarter valued at approximately $2,175,000. Dimensional Fund Advisors LP increased its stake in shares of Custom Truck One Source by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company's stock worth $9,770,000 after purchasing an additional 410,895 shares during the period. Finally, First Eagle Investment Management LLC acquired a new stake in Custom Truck One Source during the 2nd quarter worth approximately $1,328,000. 90.07% of the stock is owned by institutional investors.

About Custom Truck One Source

Custom Truck One Source, Inc provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).