NEW YORK (
-- Energy Services Acquisition Corporation
) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.
Energy Services of America Corporation, through its subsidiaries, provides contracting services for energy related companies in the United States. The company has a P/E ratio of 10, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 23.3. Energy Services Acquisition has a market cap of $58 million and is part of the
industry. Shares are up 4.5% year to date as of the close of trading on Monday.
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