Perimeter Solutions (NYSE:PRM) Shares Down 4.6% - Time to Sell?

Perimeter Solutions, SA (NYSE:PRM - Get Free Report)'s stock price fell 4.6% on Monday . The stock traded as low as $11.80 and last traded at $11.83. 211,258 shares were traded during mid-day trading, a decline of 59% from the average session volume of 509,263 shares. The stock had previously closed at $12.40.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upped their price target on shares of Perimeter Solutions from $14.00 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, September 16th.

Perimeter Solutions Trading Down 2.7 %

The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The business has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $11.55. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -10.67 and a beta of 1.91.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($1.22). Perimeter Solutions had a negative return on equity of 10.08% and a negative net margin of 30.57%. The business had revenue of $288.42 million for the quarter, compared to analyst estimates of $265.30 million. During the same period in the previous year, the firm posted $0.31 earnings per share. Equities analysts forecast that Perimeter Solutions, SA will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Haitham Khouri sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.05, for a total transaction of $964,000.00. Following the transaction, the chief executive officer now owns 429,989 shares in the company, valued at approximately $5,181,367.45. This trade represents a 15.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tracy Britt Cool sold 50,000 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total value of $640,500.00. Following the completion of the sale, the director now owns 173,449 shares of the company's stock, valued at $2,221,881.69. This trade represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 210,156 shares of company stock valued at $2,579,197. Company insiders own 8.70% of the company's stock.

Institutional Trading of Perimeter Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in shares of Perimeter Solutions during the third quarter worth approximately $52,000. Versor Investments LP acquired a new stake in Perimeter Solutions during the second quarter worth approximately $102,000. Orion Portfolio Solutions LLC bought a new position in Perimeter Solutions during the 3rd quarter worth $138,000. Landscape Capital Management L.L.C. acquired a new position in Perimeter Solutions in the 3rd quarter valued at $148,000. Finally, Jag Capital Management LLC bought a new stake in shares of Perimeter Solutions during the 3rd quarter valued at $158,000. Institutional investors and hedge funds own 89.93% of the company's stock.

Perimeter Solutions Company Profile

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.