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

Shares of Enviri Co. (NYSE:NVRI) 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 changed hands 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 Stock Performance

The firm has a market cap of $799.43 million, a PE ratio of -8.46 and a beta of 2.19. The stock has a 50-day moving average price of $10.64 and a 200 day moving average price 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.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $610.00 million for the quarter, compared to the consensus estimate of $616.85 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. Enviri’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. Research analysts forecast that Enviri Co. will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Enviri

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in Enviri during the 4th quarter worth approximately $65,000. Quadrature Capital Ltd acquired a new position in shares of Enviri during the fourth quarter worth $190,000. Diversified Trust Co boosted its stake in shares of Enviri by 14.5% in the first quarter. Diversified Trust Co now owns 13,246 shares of the company’s stock valued at $121,000 after purchasing an additional 1,675 shares during the period. Private Advisor Group LLC acquired a new stake in Enviri during the 1st quarter valued at $472,000. Finally, BNP Paribas Financial Markets increased its stake in Enviri by 204.0% during the 1st quarter. BNP Paribas Financial Markets now owns 68,181 shares of the company’s stock worth $624,000 after buying an additional 45,750 shares during the period. Hedge funds and other 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.