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

Shares of 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. The stock had previously closed at $6.90.

Analyst Ratings Changes

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

Enviri Stock Down 1.5 %

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

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The company had revenue of $558.71 million during the quarter, compared to analysts’ expectations of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Analysts expect that Enviri Co. will post -0.13 EPS for the current year.

Institutional Trading of Enviri

A number of hedge funds have recently bought and sold shares of NVRI. D. E. Shaw & Co. Inc. increased its position in Enviri by 30.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,825,488 shares of the company’s stock valued at $37,156,000 after acquiring an additional 1,127,647 shares during the last quarter. Brightline Capital Management LLC bought a new stake in Enviri during the third quarter valued at about $10,340,000. Mill Road Capital Management LLC bought a new stake in Enviri during the third quarter valued at about $10,167,000. Hsbc Holdings PLC grew its holdings in Enviri by 5,438.2% during the fourth quarter. Hsbc Holdings PLC now owns 903,051 shares of the company’s stock valued at $6,873,000 after purchasing an additional 886,745 shares during the period. Finally, Paradigm Capital Management Inc. NY grew its holdings in Enviri by 14.4% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 4,475,900 shares of the company’s stock valued at $34,464,000 after purchasing an additional 563,100 shares during the period. Hedge funds and other institutional investors own 93.43% of the company’s stock.

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.