Perimeter Solutions (NYSE:PRM) Reaches New 12-Month High at $8.71

Perimeter Solutions, SA (NYSE:PRM) shares reached a new 52-week high on Monday . The company traded as high as $8.71 and last traded at $8.69, with a volume of 150431 shares. The stock had previously closed at $8.47.

Wall Street Analyst Weigh In

Separately, UBS Group increased their target price on shares of Perimeter Solutions from $6.50 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th.

Perimeter Solutions Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.47 and a current ratio of 3.79. The company has a market cap of $1.29 billion, a P/E ratio of -36.83 and a beta of 1.96. The firm has a 50 day moving average price of $7.76 and a 200-day moving average price of $6.65.

Perimeter Solutions (NYSE:PRM) last released its earnings results on Thursday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). Perimeter Solutions had a negative net margin of 7.26% and a positive return on equity of 0.27%. The business had revenue of $59.04 million during the quarter, compared to analyst estimates of $55.00 million. During the same period last year, the business earned ($0.05) EPS. On average, research analysts predict that Perimeter Solutions, SA will post 0.33 EPS for the current year.

Insider Buying and Selling

In other Perimeter Solutions news, Director Jorge Valladares acquired 42,000 shares of Perimeter Solutions stock in a transaction dated Tuesday, June 11th. The stock was bought at an average cost of $7.15 per share, with a total value of $300,300.00. Following the acquisition, the director now owns 14,000 shares of the company’s stock, valued at $100,100. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Perimeter Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in shares of Perimeter Solutions by 136.5% during the fourth quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company’s stock worth $25,000 after purchasing an additional 3,198 shares during the last quarter. CWM LLC bought a new stake in Perimeter Solutions during the 4th quarter worth about $44,000. Fidelis Capital Partners LLC bought a new stake in Perimeter Solutions during the 1st quarter worth about $47,000. Brown Advisory Inc. acquired a new stake in Perimeter Solutions in the 4th quarter valued at about $49,000. Finally, Aigen Investment Management LP bought a new position in shares of Perimeter Solutions in the fourth quarter worth about $77,000. 89.93% of the stock is owned by institutional investors.

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.