Enviri (NYSE:NVRI) Stock Price Down 14%

Enviri Co. (NYSE:NVRI) traded down 14% during mid-day trading on Thursday . The stock 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 Stock Performance

The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 2.65. The firm has a fifty day simple moving average of $8.25 and a 200-day simple moving average of $7.78.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The company had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts predict that Enviri Co. will post -0.13 earnings per share for the current year.

Institutional Trading of Enviri

Institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co purchased a new position in shares of Enviri during the fourth quarter worth about $104,000. Brookstone Capital Management purchased a new position in shares of Enviri in the 4th quarter valued at approximately $144,000. Legato Capital Management LLC acquired a new position in shares of Enviri in the fourth quarter valued at approximately $1,212,000. D.B. Root & Company LLC purchased a new stake in shares of Enviri during the fourth quarter worth approximately $477,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Enviri during the fourth quarter worth $442,000. 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.