Perimeter Solutions (NYSE:PRM) Sets New 52-Week High – Still a Buy?

Perimeter Solutions, SA (NYSE:PRM)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $14.28 and last traded at $14.21, with a volume of 3751 shares trading hands. The stock had previously closed at $13.50.

Wall Street Analyst Weigh In

PRM has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Perimeter Solutions from $8.75 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Morgan Stanley increased their target price on Perimeter Solutions from $14.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, September 16th.

Perimeter Solutions Stock Up 3.1 %

The company has a current ratio of 3.61, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average is $12.65 and its 200-day moving average is $9.87.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Perimeter Solutions in the 1st quarter valued at $423,000. Fidelis Capital Partners LLC acquired a new position in Perimeter Solutions during the 1st quarter worth about $47,000. SG Americas Securities LLC acquired a new stake in Perimeter Solutions in the 1st quarter valued at about $86,000. Oppenheimer Asset Management Inc. raised its stake in shares of Perimeter Solutions by 12.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,713 shares of the company’s stock worth $332,000 after acquiring an additional 4,996 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Perimeter Solutions by 14.3% during the first quarter. Sei Investments Co. now owns 143,207 shares of the company’s stock valued at $1,063,000 after purchasing an additional 17,879 shares during the last quarter. Institutional investors own 89.93% of the company’s stock.

Perimeter Solutions Company Profile

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.