Perimeter Solutions (NYSE:PRM) Issues Earnings Results

Perimeter Solutions (NYSE:PRM) announced its earnings results on Thursday. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.21, Zacks reports. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%.

Perimeter Solutions Trading Down 2.9 %

Shares of PRM traded down $0.34 during trading hours on Thursday, reaching $11.42. 340,678 shares of the company traded hands, compared to its average volume of 1,096,235. The company’s fifty day moving average price is $12.66 and its two-hundred day moving average price is $12.46. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -10.14 and a beta of 1.90. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. Perimeter Solutions has a 12 month low of $5.51 and a 12 month high of $14.44.

Insider Activity

In other news, Director Tracy Britt Cool sold 50,000 shares of Perimeter Solutions stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the sale, the director now owns 173,449 shares of the company’s stock, valued at approximately $2,221,881.69. The trade was a 22.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.70% 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.