Enviri (NYSE:NVRI) Trading Down 3.8% – Should You Sell?

Enviri Co. (NYSE:NVRI)’s stock price traded down 3.8% during trading on Monday . The stock traded as low as $10.06 and last traded at $10.06. 20,625 shares were traded during mid-day trading, a decline of 95% from the average session volume of 448,727 shares. The stock had previously closed at $10.46.

Enviri Price Performance

The business has a fifty day moving average of $10.64 and a 200 day moving average of $9.56. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.32 and a quick ratio of 1.00. The stock has a market cap of $799.43 million, a PE ratio of -8.46 and a beta of 2.19.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $616.85 million. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. Sell-side analysts anticipate that Enviri Co. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Enviri

Several hedge funds and other institutional investors have recently modified their holdings of NVRI. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Enviri by 1.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,330,795 shares of the company’s stock worth $46,005,000 after purchasing an additional 62,298 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Enviri by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock valued at $35,446,000 after acquiring an additional 249,181 shares during the last quarter. Paradigm Capital Management Inc. NY raised its position in shares of Enviri by 3.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock valued at $33,729,000 after acquiring an additional 132,000 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Enviri by 11.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock worth $32,999,000 after purchasing an additional 383,395 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Enviri by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 650,865 shares of the company’s stock worth $5,617,000 after purchasing an additional 15,084 shares during the period. Institutional investors own 93.43% of the company’s stock.

About Enviri

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.