Short Interest in Perimeter Solutions, SA (NYSE:PRM) Decreases By 23.0%

Perimeter Solutions, SA (NYSE:PRM - Get Free Report) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,670,000 shares, a decrease of 23.0% from the October 31st total of 2,170,000 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 769,800 shares, the days-to-cover ratio is presently 2.2 days.

Perimeter Solutions Stock Performance

Shares of NYSE PRM traded up $0.20 during midday trading on Friday, reaching $12.80. The company's stock had a trading volume of 328,892 shares, compared to its average volume of 760,214. The firm has a 50 day moving average price of $13.11 and a 200-day moving average price of $10.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. Perimeter Solutions has a 12-month low of $3.84 and a 12-month high of $14.44. The stock has a market capitalization of $1.87 billion, a P/E ratio of -11.33 and a beta of 2.02.

Perimeter Solutions (NYSE:PRM - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $288.42 million during the quarter, compared to analysts' expectations of $265.30 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, equities analysts predict that Perimeter Solutions will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on Perimeter Solutions from $14.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, September 16th. UBS Group raised their price objective on Perimeter Solutions from $8.75 to $11.00 and gave the company a "neutral" rating in a report on Friday, August 16th.

Insider Transactions at Perimeter Solutions

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $12.16, for a total value of $974,696.96. Following the transaction, the chief executive officer now directly owns 249,833 shares in the company, valued at approximately $3,037,969.28. This trade represents a 24.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the transaction, the director now owns 173,449 shares of the company's stock, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 210,156 shares of company stock valued at $2,579,197. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Perimeter Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Perimeter Solutions during the 3rd quarter valued at about $52,000. Orion Portfolio Solutions LLC purchased a new stake in Perimeter Solutions in the 3rd quarter worth $138,000. Lazard Asset Management LLC purchased a new stake in shares of Perimeter Solutions during the 1st quarter worth approximately $78,000. Landscape Capital Management L.L.C. bought a new stake in shares of Perimeter Solutions in the 3rd quarter worth about $148,000. Finally, Jag Capital Management LLC purchased a new stake in Perimeter Solutions during the 3rd quarter valued at $158,000. 89.93% of the stock is currently owned by institutional investors.

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.