Enviri (NYSE:NVRI) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Enviri (NYSE:NVRI) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Enviri Stock Performance

NYSE NVRI opened at $8.42 on Friday. The company’s fifty day moving average is $7.15 and its two-hundred day moving average is $7.50. Enviri has a 52-week low of $4.72 and a 52-week high of $12.79. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.25 and a quick ratio of 0.99. The firm has a market capitalization of $675.39 million, a price-to-earnings ratio of -5.30 and a beta of 1.81.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, May 1st. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. The business had revenue of $548.28 million for the quarter, compared to the consensus estimate of $560.00 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share. Equities research analysts forecast that Enviri will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Graham Capital Management L.P. raised its stake in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $347,000 after purchasing an additional 1,572 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Enviri by 17.1% during the fourth 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 during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Enviri by 2.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 78,757 shares of the company’s stock valued at $606,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Corton Capital Inc. raised its holdings in shares of Enviri by 50.9% in the 4th quarter. Corton Capital Inc. now owns 16,001 shares of the company’s stock worth $123,000 after buying an additional 5,400 shares in the last quarter. 93.43% of the stock is owned by institutional investors.

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.