Perimeter Solutions (NYSE:PRM) Sets New 52-Week High at $8.12

Perimeter Solutions, SA (NYSE:PRM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.12 and last traded at $8.10, with a volume of 83727 shares. The stock had previously closed at $7.97.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their price target on shares of Perimeter Solutions from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th.

Perimeter Solutions Price Performance

The stock has a fifty day moving average of $7.25 and a 200-day moving average of $5.58. The company has a quick ratio of 1.47, a current ratio of 3.79 and a debt-to-equity ratio of 0.64.

Perimeter Solutions (NYSE:PRM) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.04). The firm had revenue of $59.04 million for the quarter, compared to the consensus estimate of $55.00 million. Perimeter Solutions had a positive return on equity of 0.27% and a negative net margin of 7.26%. During the same period in the prior year, the firm posted ($0.05) earnings per share. As a group, sell-side analysts predict that Perimeter Solutions, SA will post 0.33 EPS for the current fiscal year.

Institutional Trading of Perimeter Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC grew its position in shares of Perimeter Solutions by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 27,126 shares of the company’s stock valued at $201,000 after purchasing an additional 1,851 shares during the period. Gitterman Wealth Management LLC grew its position in shares of Perimeter Solutions by 11.4% in the 4th quarter. Gitterman Wealth Management LLC now owns 20,167 shares of the company’s stock valued at $93,000 after purchasing an additional 2,057 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Perimeter Solutions by 4.4% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 58,645 shares of the company’s stock valued at $270,000 after purchasing an additional 2,462 shares during the period. Quadrant Capital Group LLC grew its position in shares of Perimeter Solutions by 136.5% in the 4th quarter. Quadrant Capital Group LLC now owns 5,540 shares of the company’s stock valued at $25,000 after purchasing an additional 3,198 shares during the period. Finally, Raymond James & Associates grew its position in shares of Perimeter Solutions by 8.6% in the 3rd quarter. Raymond James & Associates now owns 53,894 shares of the company’s stock valued at $245,000 after purchasing an additional 4,270 shares during the period. 89.93% of the stock is owned by institutional investors.

Perimeter Solutions Company Profile

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.