Custom Truck One Source (NYSE:CTOS) Trading Up 5% – Time to Buy?

Custom Truck One Source, Inc. (NYSE:CTOS) shares shot up 5% during trading on Thursday . The stock traded as high as $5.28 and last traded at $5.32. 363,481 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 888,328 shares. The stock had previously closed at $5.06.

Wall Street Analyst Weigh In

Separately, Oppenheimer dropped their price objective on shares of Custom Truck One Source from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th.

Custom Truck One Source Stock Up 6.0 %

The firm 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. The firm has a 50-day moving average of $5.11 and a two-hundred day moving average of $4.42.

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

Hedge Funds Weigh In On Custom Truck One Source

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Custom Truck One Source in the fourth quarter valued at $39,000. Victory Capital Management Inc. purchased a new position in Custom Truck One Source in the 2nd quarter valued at about $47,000. Intech Investment Management LLC acquired a new stake in shares of Custom Truck One Source during the third quarter valued at about $56,000. SG Americas Securities LLC acquired a new position in shares of Custom Truck One Source in the third quarter worth about $64,000. Finally, FMR LLC lifted its stake in shares of Custom Truck One Source by 1,234.8% in the third quarter. FMR LLC now owns 28,846 shares of the company’s stock worth $100,000 after acquiring an additional 26,685 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Custom Truck One Source Company Profile

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).