Perimeter Solutions (NYSE:PRM) Shares Gap Down - Here's What Happened

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $9.22, but opened at $9.00. Perimeter Solutions shares last traded at $9.02, with a volume of 39,826 shares trading hands.

Perimeter Solutions Stock Performance

The company's fifty day simple moving average is $11.49 and its two-hundred day simple moving average is $12.34. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -64.32 and a beta of 1.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.95 and a current ratio of 3.91.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.21. Perimeter Solutions had a negative return on equity of 7.62% and a negative net margin of 1.05%. The business had revenue of $86.23 million during the quarter, compared to the consensus estimate of $77.01 million. Equities research analysts predict that Perimeter Solutions, SA will post 0.71 earnings per share for the current fiscal year.

Insider Transactions at Perimeter Solutions

In other news, Director Vivek Raj sold 250,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.17, for a total value of $2,292,500.00. Following the transaction, the director now directly owns 471,226 shares in the company, valued at approximately $4,321,142.42. This trade represents a 34.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.70% of the company's stock.

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Institutional Investors Weigh In On Perimeter Solutions

A number of institutional investors have recently modified their holdings of the business. Natixis Advisors LLC boosted its stake in Perimeter Solutions by 5.9% in the third quarter. Natixis Advisors LLC now owns 64,923 shares of the company's stock valued at $873,000 after acquiring an additional 3,595 shares during the period. PNC Financial Services Group Inc. boosted its position in Perimeter Solutions by 2.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 139,335 shares of the company's stock valued at $1,874,000 after purchasing an additional 3,544 shares during the period. Intech Investment Management LLC acquired a new position in Perimeter Solutions during the 3rd quarter valued at approximately $324,000. Landscape Capital Management L.L.C. bought a new position in Perimeter Solutions during the 3rd quarter worth $148,000. Finally, The Manufacturers Life Insurance Company increased its position in Perimeter Solutions by 34.8% in the third quarter. The Manufacturers Life Insurance Company now owns 65,863 shares of the company's stock worth $886,000 after buying an additional 17,009 shares during the period. 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.