Perimeter Solutions (NYSE:PRM) Reaches New 1-Year High at $11.38

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $11.38 and last traded at $11.33, with a volume of 71351 shares changing hands. The stock had previously closed at $11.10.

Wall Street Analyst Weigh In

Separately, UBS Group raised their price target on Perimeter Solutions from $8.75 to $11.00 and gave the company a "neutral" rating in a report on Friday, August 16th.

Perimeter Solutions Trading Up 2.6 %

The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -49.52 and a beta of 1.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 3.61. The business has a fifty day moving average price of $8.98 and a 200 day moving average price of $7.63.

Perimeter Solutions (NYSE:PRM - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.11. Perimeter Solutions had a negative net margin of 14.12% and a positive return on equity of 2.94%. The firm had revenue of $127.28 million for the quarter, compared to analysts' expectations of $113.41 million. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, equities analysts forecast that Perimeter Solutions, SA will post 0.49 earnings per share for the current year.

Insider Buying and Selling at Perimeter Solutions

In related news, Director Jorge Valladares bought 42,000 shares of the firm's stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $7.15 per share, with a total value of $300,300.00. Following the completion of the transaction, the director now directly owns 14,000 shares of the company's stock, valued at $100,100. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Perimeter Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of Perimeter Solutions by 136.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company's stock worth $25,000 after buying an additional 3,198 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Perimeter Solutions in the 1st quarter valued at about $47,000. CWM LLC bought a new position in shares of Perimeter Solutions during the fourth quarter worth about $44,000. Lazard Asset Management LLC acquired a new position in Perimeter Solutions in the first quarter worth about $78,000. Finally, Brown Advisory Inc. bought a new stake in Perimeter Solutions in the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 89.93% of the company's stock.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.