Enviri (NYSE:NVRI) Sets New 1-Year Low – Time to Sell?

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

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped their price target on shares of 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 Price Performance

The stock has a market capitalization of $526.50 million, a PE ratio of -4.13 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 firm’s 50 day simple moving average is $8.50 and its 200 day simple moving average is $9.06.

Enviri (NYSE:NVRI) last announced its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. Enviri had a negative net margin of 5.46% and a negative return on equity of 0.90%. The business had revenue of $558.71 million during the quarter, compared to the consensus estimate of $578.98 million. During the same quarter last year, the firm earned ($0.07) earnings per share. As a group, equities analysts forecast that Enviri Co. will post -0.13 EPS for the current fiscal year.

Institutional Trading of Enviri

Large investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in Enviri by 34.4% in the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock worth $73,000 after acquiring an additional 1,809 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Enviri by 205.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock valued at $83,000 after buying an additional 5,411 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Enviri during the fourth quarter worth $78,000. Envestnet Asset Management Inc. acquired a new stake in Enviri during the 4th quarter worth $86,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in Enviri by 17.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after purchasing an additional 1,631 shares in the last quarter. 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.