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

Enviri Co. (NYSE:NVRI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.73, but opened at $7.42. Enviri shares last traded at $7.40, with a volume of 297,610 shares.

Analyst Ratings Changes

Separately, BMO Capital Markets cut their price target on Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, November 1st.

Enviri Stock Down 10.7 %

The business has a fifty day moving average of $8.54 and a 200 day moving average of $9.19. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.30 and a quick ratio of 0.99. The stock has a market capitalization of $624.69 million, a price-to-earnings ratio of -6.35 and a beta of 2.14.

Enviri (NYSE:NVRI) last posted its earnings results on Thursday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. During the same quarter last year, the business posted ($0.07) EPS. As a group, equities analysts predict that Enviri Co. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Graham Capital Management L.P. boosted its position in Enviri by 8.7% in the 4th quarter. Graham Capital Management L.P. now owns 18,069 shares of the company’s stock valued at $139,000 after buying an additional 1,443 shares during the period. CWM LLC raised its stake in shares of Enviri by 37.1% in the third quarter. CWM LLC now owns 5,662 shares of the company’s stock valued at $59,000 after acquiring an additional 1,532 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Enviri by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,099 shares of the company’s stock valued at $347,000 after purchasing an additional 1,572 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in Enviri by 17.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,187 shares of the company’s stock worth $86,000 after purchasing an additional 1,631 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Enviri by 2.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company’s stock valued at $606,000 after buying an additional 1,751 shares during the period. Institutional investors and hedge funds 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.