Enviri (NYSE:NVRI) Shares Gap Down – Here’s What Happened

Shares of Enviri Co. (NYSE:NVRI) gapped down prior to trading on Thursday . The stock had previously closed at $8.73, but opened at $7.42. Enviri shares last traded at $7.40, with a volume of 297,610 shares trading hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their target price 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 Trading Down 4.2 %

The business has a 50 day simple moving average of $8.53 and a two-hundred day simple moving average of $9.16. The company has a current ratio of 1.25, a quick ratio of 0.99 and a debt-to-equity ratio of 3.14. The stock has a market cap of $580.61 million, a price-to-earnings ratio of -4.56 and a beta of 2.14.

Enviri (NYSE:NVRI) last issued its quarterly earnings data 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 return on equity of 0.90% and a negative net margin of 5.46%. The firm had revenue of $558.71 million during the quarter, compared to analyst estimates of $578.98 million. During the same quarter last year, the firm earned ($0.07) EPS. As a group, equities analysts anticipate that Enviri Co. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Enviri

Hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in shares of Enviri by 37.1% in the 3rd quarter. CWM LLC now owns 5,662 shares of the company’s stock worth $59,000 after acquiring an additional 1,532 shares in the last quarter. Creative Planning lifted its holdings in shares of Enviri by 36.2% in the 3rd quarter. Creative Planning now owns 31,003 shares of the company’s stock worth $321,000 after purchasing an additional 8,242 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Enviri in the 3rd quarter worth approximately $127,000. DekaBank Deutsche Girozentrale raised its stake in Enviri by 205.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,046 shares of the company’s stock valued at $83,000 after acquiring an additional 5,411 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new stake in Enviri during the 3rd quarter valued at $427,000. Institutional investors and hedge funds 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.