Enviri (NYSE:NVRI - Free Report) had its price objective decreased by BMO Capital Markets from $13.00 to $10.00 in a research report sent to investors on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.
Enviri Trading Down 5.1 %
NYSE:NVRI traded down $0.39 during midday trading on Friday, hitting $7.27. The stock had a trading volume of 1,098,240 shares, compared to its average volume of 449,815. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The stock has a 50-day moving average of $10.42 and a 200 day moving average of $9.60. The company has a market capitalization of $582.40 million, a price-to-earnings ratio of -6.28 and a beta of 2.19. Enviri has a one year low of $5.64 and a one year high of $12.79.
Enviri (NYSE:NVRI - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The firm had revenue of $573.60 million for the quarter, compared to analysts' expectations of $613.63 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business's quarterly revenue was down 3.9% on a year-over-year basis.
Institutional Trading of Enviri
A number of hedge funds have recently bought and sold shares of NVRI. Innealta Capital LLC purchased a new stake in Enviri during the second quarter valued at approximately $26,000. CWM LLC boosted its position in shares of Enviri by 137.6% in the 2nd quarter. CWM LLC now owns 4,130 shares of the company's stock worth $36,000 after purchasing an additional 2,392 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in Enviri during the 4th quarter worth $65,000. DekaBank Deutsche Girozentrale acquired a new position in Enviri during the 1st quarter valued at about $70,000. Finally, SG Americas Securities LLC purchased a new stake in Enviri in the first quarter valued at about $100,000. Hedge funds and other institutional investors own 93.43% of the company's stock.
Enviri Company Profile
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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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