Enviri (NYSE:NVRI) Hits New 12-Month High – Time to Buy?

Enviri Corporation (NYSE:NVRI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $19.52 and last traded at $19.5950, with a volume of 550735 shares trading hands. The stock had previously closed at $18.85.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. CJS Securities upgraded shares of Enviri to a “hold” rating in a research report on Thursday, December 11th. Zacks Research upgraded shares of Enviri to a “hold” rating in a report on Tuesday, December 16th. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Enviri in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.00.

Enviri Stock Performance

The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 5.18. The stock has a market cap of $1.61 billion, a P/E ratio of -9.31 and a beta of 1.71. The stock has a fifty day simple moving average of $18.66 and a 200-day simple moving average of $16.41.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. The company had revenue of $555.01 million during the quarter, compared to analysts’ expectations of $550.90 million. Enviri had a negative return on equity of 13.47% and a negative net margin of 7.62%.Enviri’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. Equities analysts expect that Enviri Corporation will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enviri

Several large investors have recently bought and sold shares of the company. Amalgamated Bank boosted its position in shares of Enviri by 3.6% during the third quarter. Amalgamated Bank now owns 23,636 shares of the company’s stock worth $300,000 after purchasing an additional 825 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock valued at $317,000 after buying an additional 872 shares in the last quarter. Rhumbline Advisers raised its stake in Enviri by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 238,076 shares of the company’s stock worth $2,066,000 after buying an additional 1,150 shares during the period. Rockefeller Capital Management L.P. raised its stake in Enviri by 204.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock worth $34,000 after buying an additional 1,264 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after acquiring an additional 1,554 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.