Enviri (NYSE:NVRI) Reaches New 12-Month Low – Time to Sell?

Enviri Co. (NYSE:NVRI) reached a new 52-week low on Thursday . The stock traded as low as $6.51 and last traded at $6.51, with a volume of 164570 shares trading hands. The stock had previously closed at $6.90.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets dropped their price target on Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st.

Enviri Stock Down 1.5 %

The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $521.29 million, a P/E ratio of -4.09 and a beta of 2.14. The company has a 50-day moving average of $8.47 and a two-hundred day moving average of $9.01.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.05. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The company had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. During the same period in the previous year, the company posted ($0.07) earnings per share. On average, research analysts predict that Enviri Co. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Enviri

Several hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its holdings in Enviri by 122.1% in the fourth quarter. Mackenzie Financial Corp now owns 107,767 shares of the company’s stock worth $830,000 after acquiring an additional 59,251 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in Enviri by 14.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company’s stock worth $34,464,000 after acquiring an additional 563,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Enviri by 10.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,073 shares of the company’s stock worth $1,471,000 after acquiring an additional 18,292 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Enviri by 266.9% in the fourth quarter. Squarepoint Ops LLC now owns 65,949 shares of the company’s stock worth $508,000 after acquiring an additional 47,974 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Enviri by 17.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after acquiring an additional 1,631 shares in the last quarter. 93.43% of the stock is owned by institutional investors.

Enviri Company Profile

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.