Enviri (NYSE:NVRI) Stock Price Up 6.7% – Time to Buy?

Shares of Enviri Co. (NYSE:NVRI) rose 6.7% during mid-day trading on Tuesday . The stock traded as high as $9.15 and last traded at $9.20. Approximately 181,059 shares were traded during trading, a decline of 83% from the average daily volume of 1,073,827 shares. The stock had previously closed at $8.62.

Analyst Ratings Changes

Separately, BMO Capital Markets dropped their price target 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 Stock Performance

The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.99 and a current ratio of 1.30. The business has a 50 day moving average price of $7.79 and a two-hundred day moving average price of $9.35. The company has a market cap of $740.25 million, a P/E ratio of -7.51 and a beta of 2.15.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The company had revenue of $573.60 million during the quarter, compared to the consensus estimate of $613.63 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was down 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Enviri Co. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in Enviri by 37.1% during the 3rd quarter. CWM LLC now owns 5,662 shares of the company’s stock valued at $59,000 after purchasing an additional 1,532 shares during the last quarter. FMR LLC raised its position in Enviri by 34.4% during the 3rd quarter. FMR LLC now owns 7,069 shares of the company’s stock valued at $73,000 after purchasing an additional 1,809 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position 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 purchasing an additional 5,411 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Enviri during the 3rd quarter worth approximately $127,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Enviri by 10.1% during the 2nd quarter. Hsbc Holdings PLC now owns 15,174 shares of the company’s stock worth $130,000 after acquiring an additional 1,397 shares during the period. 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.