Enviri Co. (NYSE:NVRI - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $10.04, but opened at $8.60. Enviri shares last traded at $8.05, with a volume of 96,949 shares trading hands.
Enviri Stock Down 23.7 %
The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $10.49 and a two-hundred day moving average of $9.61. The stock has a market capitalization of $613.66 million, a PE ratio of -8.30 and a beta of 2.19.
Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $610.00 million during the quarter, compared to the consensus estimate of $616.85 million. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. Enviri's revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. Equities research analysts anticipate that Enviri Co. will post -0.02 earnings per share for the current year.
Institutional Investors Weigh In On Enviri
Several hedge funds have recently made changes to their positions in NVRI. GSA Capital Partners LLP acquired a new position in Enviri in the first quarter valued at $892,000. Paradigm Capital Management Inc. NY boosted its holdings in Enviri by 3.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company's stock valued at $33,729,000 after acquiring an additional 132,000 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Enviri by 11.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company's stock valued at $32,999,000 after acquiring an additional 383,395 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Enviri by 6.3% in the second quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company's stock valued at $3,797,000 after acquiring an additional 26,129 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Enviri in the second quarter valued at $1,124,000. Institutional investors and hedge funds own 93.43% of the company's stock.
Enviri Company Profile
(
Get Free Report)
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.
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