Enviri (NYSE:NVRI) Trading Up 5.7%

Enviri Co. (NYSE:NVRI)’s share price was up 5.7% during mid-day trading on Friday . The stock traded as high as $8.85 and last traded at $8.84. Approximately 141,041 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 407,283 shares. The stock had previously closed at $8.36.

Enviri Stock Up 6.1 %

The firm’s fifty day moving average price is $8.26 and its 200-day moving average price is $8.37. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.36 and a quick ratio of 1.03. The firm has a market capitalization of $710.49 million, a P/E ratio of -7.52 and a beta of 2.23.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. The business had revenue of $600.00 million during the quarter, compared to analysts’ expectations of $509.77 million. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted ($0.11) earnings per share. As a group, equities research analysts forecast that Enviri Co. will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In other Enviri news, CEO F Nicholas Grasberger III bought 25,000 shares of Enviri stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average cost of $7.59 per share, for a total transaction of $189,750.00. Following the completion of the acquisition, the chief executive officer now owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Enviri

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of Enviri in the 4th quarter valued at approximately $65,000. DekaBank Deutsche Girozentrale purchased a new stake in Enviri in the 1st quarter worth approximately $70,000. Tower Research Capital LLC TRC purchased a new stake in Enviri in the 4th quarter worth approximately $87,000. Aigen Investment Management LP purchased a new stake in Enviri in the 4th quarter worth approximately $92,000. Finally, SG Americas Securities LLC purchased a new stake in Enviri in the 1st quarter worth approximately $100,000. 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.