Concrete Pumping (NASDAQ:BBCP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Concrete Pumping Holdings Inc. provides concrete pumping services and concrete waste management services primarily in U.S. and U.K. Concrete Pumping Holdings Inc., formerly known as Industrea Acquisition Corp., is based in New York, United States. “

A number of other research firms have also issued reports on BBCP. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Stifel Nicolaus lowered shares of Asante Solutions to a “buy” rating and set a $9.00 price objective on the stock. in a research note on Thursday, May 23rd. Robert W. Baird began coverage on shares of TJX Companies in a research note on Monday, May 13th. They set an “outperform” rating and a $63.00 price objective on the stock. Finally, William Blair began coverage on shares of Concrete Pumping in a research note on Friday, May 17th. They set an “outperform” rating and a $5.31 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $8.33.

BBCP stock traded up $0.01 during midday trading on Tuesday, reaching $5.29. 4,438 shares of the company’s stock traded hands, compared to its average volume of 148,804. The company has a market cap of $307.29 million, a P/E ratio of 2.14 and a beta of 0.71. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.57 and a quick ratio of 0.53. Concrete Pumping has a fifty-two week low of $3.64 and a fifty-two week high of $15.25. The stock’s 50-day simple moving average is $4.90.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings data on Monday, June 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.39). The firm had revenue of $61.99 million for the quarter, compared to the consensus estimate of $62.97 million. Equities analysts expect that Concrete Pumping will post -0.73 earnings per share for the current year.

In related news, insider Argand Partners, Lp purchased 1,625,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $4.50 per share, for a total transaction of $7,312,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Piecuch purchased 8,990 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $5.03 per share, with a total value of $45,219.70. The disclosure for this purchase can be found here. Insiders have bought 1,861,716 shares of company stock worth $8,396,072 in the last quarter.

A hedge fund recently bought a new stake in Concrete Pumping stock. Millennium Management LLC purchased a new position in Concrete Pumping Holdings Inc (NASDAQ:BBCP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 83,537 shares of the company’s stock, valued at approximately $688,000. Millennium Management LLC owned about 0.29% of Concrete Pumping at the end of the most recent quarter. Hedge funds and other institutional investors own 4.28% of the company’s stock.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.

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