Custom Truck One Source (NYSE:CTOS) Shares Up 5% - What's Next?

Custom Truck One Source, Inc. (NYSE:CTOS - Get Free Report)'s stock price rose 5% on Thursday . The company traded as high as $5.28 and last traded at $5.32. Approximately 363,481 shares were traded during trading, a decline of 59% from the average daily volume of 888,328 shares. The stock had previously closed at $5.06.

Analyst Upgrades and Downgrades

Separately, Oppenheimer cut their price target on shares of Custom Truck One Source from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th.

Custom Truck One Source Stock Up 6.0 %

The firm has a 50 day moving average of $5.11 and a two-hundred day moving average of $4.42. The stock has a market capitalization of $1.25 billion, a PE ratio of -33.53 and a beta of 0.79. The company has a current ratio of 1.28, a quick ratio of 0.19 and a debt-to-equity ratio of 1.87.

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

Institutional Investors Weigh In On Custom Truck One Source

A number of institutional investors and hedge funds have recently bought and sold shares of CTOS. Victory Capital Management Inc. acquired a new position in shares of Custom Truck One Source in the second quarter worth $47,000. Dimensional Fund Advisors LP raised its stake in Custom Truck One Source by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,246,060 shares of the company's stock valued at $9,770,000 after purchasing an additional 410,895 shares during the last quarter. Maven Securities LTD purchased a new position in Custom Truck One Source in the 2nd quarter valued at about $2,175,000. SG Americas Securities LLC acquired a new stake in shares of Custom Truck One Source during the 3rd quarter worth about $64,000. Finally, Black Diamond Financial LLC boosted its stake in shares of Custom Truck One Source by 906.8% during the 3rd quarter. Black Diamond Financial LLC now owns 1,427,000 shares of the company's stock worth $4,923,000 after purchasing an additional 1,285,265 shares during the last quarter. Hedge funds and other institutional investors own 90.07% of the company's stock.

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).

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