Perimeter Solutions (NYSE:PRM) Sets New 52-Week High at $8.20

Perimeter Solutions, SA (NYSE:PRM) reached a new 52-week high during trading on Thursday . The company traded as high as $8.20 and last traded at $8.12, with a volume of 710026 shares. The stock had previously closed at $7.76.

Analysts Set New Price Targets

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

Perimeter Solutions Price Performance

The company has a current ratio of 3.79, a quick ratio of 1.47 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average is $7.67 and its 200 day moving average is $6.48. The company has a market cap of $1.16 billion, a P/E ratio of -34.65 and a beta of 1.96.

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

Insiders Place Their Bets

In other Perimeter Solutions news, Director Jorge Valladares purchased 42,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $7.15 per share, with a total value of $300,300.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $100,100. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Perimeter Solutions

A number of institutional investors have recently added to or reduced their stakes in PRM. Pennant Investors LP increased its position in shares of Perimeter Solutions by 43.8% during the fourth quarter. Pennant Investors LP now owns 2,300,000 shares of the company’s stock valued at $10,580,000 after buying an additional 700,000 shares during the period. Pennant Select LLC purchased a new stake in Perimeter Solutions in the 4th quarter worth approximately $2,645,000. Wellington Management Group LLP lifted its stake in Perimeter Solutions by 54.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,117 shares of the company’s stock worth $6,602,000 after purchasing an additional 511,188 shares in the last quarter. Equitable Trust Co. grew its position in shares of Perimeter Solutions by 26.3% during the 4th quarter. Equitable Trust Co. now owns 1,917,211 shares of the company’s stock valued at $8,819,000 after purchasing an additional 399,409 shares in the last quarter. Finally, CenterBook Partners LP grew its position in shares of Perimeter Solutions by 278.8% during the 4th quarter. CenterBook Partners LP now owns 393,127 shares of the company’s stock valued at $1,808,000 after purchasing an additional 289,348 shares in the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.

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.