Enviri (NYSE:NVRI) Shares Down 14%

Shares of Enviri Co. (NYSE:NVRI) traded down 14% during trading on Thursday . The company traded as low as $6.74 and last traded at $6.99. 68,160 shares were traded during mid-day trading, a decline of 83% from the average session volume of 394,526 shares. The stock had previously closed at $8.13.

Enviri Trading Down 12.8 %

The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.44. The company has a fifty day moving average price of $8.28 and a two-hundred day moving average price of $7.79.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $529.00 million for the quarter, compared to the consensus estimate of $493.30 million. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. Research analysts expect that Enviri Co. will post -0.13 EPS for the current year.

Institutional Trading of Enviri

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new stake in shares of Enviri in the 4th quarter worth about $65,000. Tower Research Capital LLC TRC acquired a new stake in shares of Enviri during the fourth quarter worth approximately $87,000. Aigen Investment Management LP acquired a new position in shares of Enviri in the 4th quarter worth approximately $92,000. Diversified Trust Co bought a new stake in Enviri during the 4th quarter worth approximately $104,000. Finally, Quest Partners LLC acquired a new stake in Enviri during the 4th quarter valued at $109,000. Institutional investors and hedge funds 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.