Enviri (NYSE:NVRI) Trading Up 4.9%

Enviri Co. (NYSE:NVRI)’s share price traded up 4.9% on Tuesday . The company traded as high as $10.75 and last traded at $10.70. 68,986 shares changed hands during trading, a decline of 85% from the average session volume of 464,781 shares. The stock had previously closed at $10.20.

Enviri Stock Down 0.4 %

The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The company has a market cap of $826.66 million, a PE ratio of -8.75 and a beta of 2.20. The company’s fifty day moving average is $10.83 and its 200-day moving average is $9.23.

Enviri (NYSE:NVRI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $610.00 million for the quarter, compared to the consensus estimate of $616.85 million. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, analysts predict that Enviri Co. will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Enviri

Several hedge funds and other institutional investors have recently made changes to their positions in NVRI. Russell Investments Group Ltd. bought a new stake in Enviri during the fourth quarter valued at approximately $147,000. Swiss National Bank bought a new position in shares of Enviri in the fourth quarter worth approximately $1,415,000. Amalgamated Bank purchased a new stake in shares of Enviri in the fourth quarter worth $270,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Enviri during the 4th quarter valued at $14,968,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Enviri during the 4th quarter valued at $171,000. Hedge funds and other institutional investors 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.