Enviri (NYSE:NVRI) Reaches New 52-Week Low - Should You Sell?

Enviri Co. (NYSE:NVRI - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.51 and last traded at $6.51, with a volume of 164570 shares changing hands. The stock had previously closed at $6.90.

Enviri Stock Performance

The stock's 50-day simple moving average is $8.47 and its 200-day simple moving average is $8.99. The stock has a market cap of $501.33 million, a price-to-earnings ratio of -3.93 and a beta of 2.14. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.05. The business had revenue of $558.71 million for the quarter, compared to the consensus estimate of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Analysts forecast that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Graham Capital Management L.P. increased its holdings in Enviri by 8.7% in the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company's stock valued at $139,000 after buying an additional 1,443 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Enviri by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company's stock valued at $347,000 after acquiring an additional 1,572 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Enviri by 17.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after purchasing an additional 1,631 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Enviri by 2.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company's stock worth $606,000 after purchasing an additional 1,751 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company's stock valued at $73,000 after purchasing an additional 1,809 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company's stock.

About Enviri

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.