Enviri (NYSE:NVRI) Trading Up 4.9%

Enviri Co. (NYSE:NVRI)’s stock price traded up 4.9% during mid-day trading on Tuesday . The stock traded as high as $10.75 and last traded at $10.70. 68,986 shares traded hands during trading, a decline of 85% from the average session volume of 464,781 shares. The stock had previously closed at $10.20.

Enviri Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $836.28 million, a PE ratio of -8.64 and a beta of 2.20. The business has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $9.21.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The company had revenue of $610.00 million during the quarter, compared to analysts’ expectations of $616.85 million. During the same period last year, the business earned $0.01 EPS. Enviri’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities research analysts predict that Enviri Co. will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Enviri

Several hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Enviri during the 1st quarter valued at about $892,000. Charles Schwab Investment Management Inc. acquired a new position in Enviri in the 4th quarter worth approximately $14,968,000. Panagora Asset Management Inc. raised its position in Enviri by 6.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock worth $3,797,000 after buying an additional 26,129 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Enviri during the 4th quarter valued at approximately $3,744,000. Finally, Diversified Trust Co increased its stake in shares of Enviri by 30.5% in the second quarter. Diversified Trust Co now owns 17,286 shares of the company’s stock worth $149,000 after acquiring an additional 4,040 shares during the period. 93.43% of the stock is owned by institutional investors and hedge funds.

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.