Wall Street Zen Upgrades TOMI Environmental Solutions (NASDAQ:TOMZ) to Hold

TOMI Environmental Solutions (NASDAQ:TOMZ) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TOMI Environmental Solutions in a research report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TOMI Environmental Solutions presently has a consensus rating of “Reduce”.

TOMI Environmental Solutions Stock Performance

Shares of TOMZ opened at $1.54 on Friday. The company has a market cap of $12.54 million, a price-to-earnings ratio of -2.44 and a beta of 1.88. The business’s fifty day simple moving average is $2.38 and its two-hundred day simple moving average is $2.17. TOMI Environmental Solutions has a 12 month low of $1.39 and a 12 month high of $3.60. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 4.95.

TOMI Environmental Solutions (NASDAQ:TOMZ) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). TOMI Environmental Solutions had a negative return on equity of 315.96% and a negative net margin of 75.34%.The firm had revenue of $1.65 million for the quarter, compared to the consensus estimate of $1.69 million. Research analysts anticipate that TOMI Environmental Solutions will post -0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TOMI Environmental Solutions

A hedge fund recently raised its stake in TOMI Environmental Solutions stock. Susquehanna International Group LLP lifted its position in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) by 42.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,280 shares of the company’s stock after buying an additional 30,361 shares during the period. Susquehanna International Group LLP owned approximately 0.50% of TOMI Environmental Solutions worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.77% of the company’s stock.

About TOMI Environmental Solutions

TOMI Environmental Solutions, Inc is a provider of infection prevention and control technologies, specializing in advanced decontamination and disinfection solutions. The company develops and manufactures a range of proprietary products, including electrostatic sprayers, thermal foggers, vaporized hydrogen peroxide systems and mobile decontamination chambers. These technologies are designed to deliver broad-spectrum pathogen kill and odor elimination in both occupied and unoccupied spaces.

In addition to its equipment offerings, TOMI provides chemical disinfectants and surface coatings formulated to meet regulatory standards for hospital‐grade efficacy.