Perimeter Solutions (NYSE:PRM) Shares Down 4.6% – Here’s What Happened

Shares of Perimeter Solutions, SA (NYSE:PRM) were down 4.6% on Monday . The stock traded as low as $11.80 and last traded at $11.83. Approximately 211,258 shares were traded during trading, a decline of 59% from the average daily volume of 509,263 shares. The stock had previously closed at $12.40.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lifted their target price on Perimeter Solutions from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, September 16th.

Perimeter Solutions Price Performance

The company has a debt-to-equity ratio of 0.67, a current ratio of 3.91 and a quick ratio of 2.95. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -10.59 and a beta of 1.91. The stock has a fifty day moving average of $12.95 and a 200 day moving average of $11.58.

Perimeter Solutions (NYSE:PRM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.61 by ($1.22). The business had revenue of $288.42 million during the quarter, compared to analysts’ expectations of $265.30 million. Perimeter Solutions had a negative net margin of 30.57% and a negative return on equity of 10.08%. During the same period in the previous year, the business posted $0.31 EPS. On average, analysts expect that Perimeter Solutions, SA will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling at Perimeter Solutions

In other Perimeter Solutions news, CEO Haitham Khouri sold 80,156 shares of Perimeter Solutions stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $12.16, for a total transaction of $974,696.96. Following the transaction, the chief executive officer now owns 249,833 shares of the company’s stock, valued at $3,037,969.28. The trade was a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tracy Britt Cool sold 50,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $12.81, for a total transaction of $640,500.00. Following the transaction, the director now owns 173,449 shares in the company, valued at approximately $2,221,881.69. This represents a 22.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 210,156 shares of company stock worth $2,579,197. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Perimeter Solutions

Several large investors have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Perimeter Solutions during the 3rd quarter worth about $52,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Perimeter Solutions during the 3rd quarter worth $138,000. Landscape Capital Management L.L.C. bought a new position in Perimeter Solutions in the third quarter valued at approximately $148,000. Jag Capital Management LLC bought a new stake in shares of Perimeter Solutions during the 3rd quarter worth $158,000. Finally, CWM LLC boosted its position in Perimeter Solutions by 22.8% in the third quarter. CWM LLC now owns 12,251 shares of the company’s stock valued at $165,000 after buying an additional 2,276 shares in the last quarter. 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.