Enviri (NYSE:NVRI) Trading Up 7.3% - Still a Buy?

Enviri Co. (NYSE:NVRI - Get Free Report) traded up 7.3% on Tuesday . The stock traded as high as $7.15 and last traded at $7.23. 293,363 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 834,934 shares. The stock had previously closed at $6.74.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets cut their target price on Enviri from $13.00 to $10.00 and set a "market perform" rating for the company in a research note on Friday, November 1st.

Enviri Stock Down 1.5 %

The stock has a 50-day moving average of $8.49 and a 200-day moving average of $9.04. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The company has a market cap of $521.29 million, a PE ratio of -4.09 and a beta of 2.14.

Enviri (NYSE:NVRI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, beating 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 net margin of 5.46% and a negative return on equity of 0.90%. During the same period last year, the firm posted ($0.07) earnings per share. Sell-side analysts predict that Enviri Co. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Enviri

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake 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. Dark Forest Capital Management LP purchased a new stake in Enviri during the fourth quarter valued at about $78,000. DekaBank Deutsche Girozentrale grew its stake in shares of Enviri by 205.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company's stock valued at $83,000 after buying an additional 5,411 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Enviri in the 4th quarter valued at about $86,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company's stock valued at $86,000 after acquiring an additional 1,631 shares during the period. Hedge funds and other institutional investors 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.