Enviri (NYSE:NVRI) Sets New 12-Month High at $10.09

Shares of Enviri Co. (NYSE:NVRI) reached a new 52-week high on Tuesday . The company traded as high as $10.09 and last traded at $10.09, with a volume of 26316 shares. The stock had previously closed at $9.76.

Enviri Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $823.43 million, a P/E ratio of -8.67 and a beta of 2.24. The company has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $8.42.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The firm had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $509.77 million. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Sell-side analysts expect that Enviri Co. will post 0.07 EPS for the current fiscal year.

Insider Activity

In other Enviri news, CEO F Nicholas Grasberger III purchased 25,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were bought at an average price of $7.59 per share, with a total value of $189,750.00. Following the completion of the transaction, the chief executive officer now directly owns 837,901 shares in the company, valued at approximately $6,359,668.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Institutional Trading of Enviri

A number of institutional investors have recently made changes to their positions in NVRI. Diversified Trust Co lifted its stake in Enviri by 30.5% in the 2nd quarter. Diversified Trust Co now owns 17,286 shares of the company’s stock valued at $149,000 after purchasing an additional 4,040 shares during the last quarter. CWM LLC raised its stake in Enviri by 137.6% in the second quarter. CWM LLC now owns 4,130 shares of the company’s stock valued at $36,000 after buying an additional 2,392 shares during the period. First Hawaiian Bank acquired a new stake in shares of Enviri in the second quarter valued at approximately $468,000. DekaBank Deutsche Girozentrale bought a new position in shares of Enviri during the 1st quarter worth approximately $70,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Enviri by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 107,640 shares of the company’s stock worth $985,000 after acquiring an additional 2,839 shares during the last quarter. 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.